QUESTION 22 Juniper Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $870,000 $465,000 Useful life 8 years 8 years Estimated annual net cash inflows for 8 years $140,000 $74,000 Residual value $14.000 Depreciation method Straight-line Straight-line Required rate of return 13% 6% How long is the payback period for Proposal X? O 6.28 years O 62.14 years O 11.76 years O 6.21 years