other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,900,000. The following information is available Indiana proposal Kentucky proposal Required investment $1,830,000 $2,900,000 Estimated life 12 years 12 years Estimated residual life $50,000 $50,000 Estimated annual cash inflows over the next 10 years $300,000 5400,000 Required rate of return 10% 10% The net present value of the Indiana proposal is closest to (Click the icon to view the present value of $1 table) (Click the icon to view the present value of annuity of S1 table.) Con B TOM dy O A. $199 250 O B. $2,060,150 OC. $214,200 OD. $230,150 will Data Table 19 Present Value of $1 Periods 7 8 9 10 11 12 6% 0.665 0.627 0.592 0.558 0.527 0.497 8% 0.583 0.540 0.500 0.463 0.429 0.397 10% 0.513 0467 0.424 0.386 0.350 0.319 12% 0.452 0.404 0.361 0.322 0.287 0.257 A. 14% 0.400 0.351 0.308 0.270 0.237 0.208 B. c. D. Print Done 6% Present Value of Annuity of $1 Periods 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 14% 4 288 4.639 4.946 5.216 5553 5.660