Nubela Manufacturing is considering two alternative investment proposals with the following data: Proposal Proposal Y Investment $10,700,000 $550,000 Useful life 5 years 5 years Estimated annual net cash inflows for 5 years $2,140,000 $95,000 Residual value $54,000 $25,000 Depreciation method Straight-line Straight-line Required rate of return 14% 12% Calculate the payback period for Proposal X. O A. 4 years B. 5 years C. 8 years D. 9 years