O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,820,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,900,000. The following information is available Required investment Estimated life Estimated residual value Estimated annual cash inflows over the next 9 years Required rate of retum Indiana proposal $1,920,000 9 years $50,000 $400,000 14% Kentucky proposal $2,900,000 9 years $90,000 $900000 +4% The accounting rate of return for the Kentucky proposal is closest to (Round any intermediary calculations to the nearest dollar, and round your final anewer to the nearest hundredth of a percent, XXX%) OA 10.77% OB 14.00% C 31.03% D. 20 27%