Mally Depaitment Stores i is considerng two possible expansion plans One proposal involwes opening 5 stores in Indiana at the cost of $1.890,000 Under the company would focus on Kentucky and open 6 stores at a cost of $2 900,000 The folowing infornation is availatle Indiana proposal Kertucky proposal 1 890,000$2 900.000 Requeed ivestment Estimated life Estimated residual value Estimated annual cash inflows over the next 9 years Required rate of retum 5 years 80 000 $700,000 13% $800,000 13% The payback period for the Kentucky proposal is closest to iand OMay would accest or reject the proposal desired payback is 3 O A. 41.43 years and accept. O B. 354 years and reject 0 , 3.97 years and accept 0 D. 3 63 years and reject