Juniper Corporation is considering two alternative investment proposals with the following data: Investment Useful life Estimated annual net cash inflows for 10 years Proposal X $880,000 10 years $120,000 Residual value $44,000 Depreciation method Straight-line Required rate of return 14% How long is the payback period for Proposal Y? A. 20.00 years B. 12.45 years O C. 7.33 years D. 8.06 years Proposal Y $548,000 10 years $68,000 $ - Straight-line 8%