OMally 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 other 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 $1,810,000 years $80,000 $2,000,000 6 years $40,000 stimated residual value Estimated annual cash inflows over the next 10 years Required rate of return $700,000 13% $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, X.XX%.) A)23.67%. B) 22.74%. C) 38.67%. D) 34.25%