Question 23 2.5 pts Juniper Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y $870,000 $465,000 8 years 8 years Investment Useful life Estimated annual net cash inflows for 8 years Residual value Depreciation method Required rate of return $140,000 $74.000 $14,000 $- Straight-line Straight-line 13% 6% How long is the payback period for Proposal X? 11.76 years O 6.21 years O 6.28 years O 62.14 years