O'Mally Department Stores is considering two possible expansion plans One proposal involves opening 5 stores in Indiana at the cost of $1,810,000 Under the oter proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,000,000 The following information is available Indiana proposal Kentucky proposal Required investment Estimated life Estimated residual value Estimated annual cash inflows over the next 6 years Required rate of return $1 810.000 6 years $80,000 $700,000 13% $2,000,000 6 years $40,000 $800,000 13% The accounting rate of return for the Indiana proposal is closest to (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, XXX%) If accounting rate of return is used to make the decision then which project would be chosen? OA, O B. O c. 0 D. 22.74%, and the Kentucky proposal would be selected 23.67% and the Indiana proposal would be selected 38.67%and the Kentucky proposal would be selected 34.25% and the Indiana proposal would be selected