Question Help O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1.860,000. Under the 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 $1,860,000 $2,900,000 Estimated life 8 years 8 years Estimated residual life S30,000 $60,000 Estimated annual cash inflows over the next 8 years $100,000 $900,000 Required rate of return 10% 10% The net present value of the Kentucky proposal is closest to: (Click the icon to view the present value of $1 table.) CA Clirik their inviar the recent value of an of $1 tabla Data Table O A $1,929,520. O B. $4,829,520. OC. $1,901,500. OD. $1,873,480. Present Value of $1 Periods 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 0.467 0.424 0.386 0.350 0.319 12% 0.452 0.404 0.361 0.322 0.287 0.257 14% 0.400 0.351 0.308 0.270 0.237 0 208 10 11 12 i Data Table Print Done 8% 14% 4.29.9 Present Value of Annuity of $1 Periods 6% 5.582 6.210 9 6.802 10 7.360 11 7-887 12 8 .384 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 5 4.639 4.946 .216 5.553 5.660 Click to seled