Juniper Corporation is considering two alternative investment proposals with the following data: Proposal X $830,000 9 years $100,000 $33,000 Investment Useful life Estimated annual net cash inflows for 9 years Residual value Depreciation method Straight-line Required rate of return 11% How long is the payback period for Proposal Y? Proposal Y $542,000 9 years $76,000 $- Straight-line 5% A. 25.15 years B. 7.13 years C. 8.3 years D. 16.42 years