O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,850,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,600,000. The following information is available: Kentucky proposal $2,600,000 Indiana proposal $1,850,000 10 years $60,000 $800,000 10% Required investment Estimated life Estimated residual life Estimated annual cash inflows over the next 10 years Required rate of return 10 years $50,000 $800,000 10% O'Mally should choose (Click the icon to view the present value of $1 table.) Click the icon to view thanrocant value of annuity of $1 table A. The Indian proposal which is $10,000 higher thatn Kentucky. B. The Kentucky proposal which is $753,860 higher than Indiana. C. The Kentucky proposal which is $750,000 higher than Indiana. D. The Indiana proposal which is $753,860 higher than Kentucky. Present Value of $1 Periods 6% 10% 12% 7 0.665 8 14% 0.400 0.351 0.308 0.452 0.404 0.361 8% 0.583 0.540 0.500 0.463 0.429 0.397 9 0.627 0.592 0.558 0.527 0.497 0.513 0.467 0.424 0.386 0.350 0.319 10 0.322 0.270 11 0.287 0.257 0.237 0.208 12 Data Table 14% 4.288 4.639 Present Value of Annuity of $1 Periods 6% 7 5.582 8 6.210 9 6.802 10 7.360 11 7.887 12 8.384 8% 5.206 5.747 6.247 6.710 7.139 7.536 10% 4.868 5.335 5.759 6.145 6.495 6.814 12% 4.564 4.968 5.328 5.650 5.938 6.194 4.946 5.216 5.553 5.660