Redwood Corporation is considering two alternative investment proposals with the following data: Proposal X $800,000 7 years Proposal Y Investment Useful life Estimated annual net cash inflows for 7 years Residual value Depreciation method Required rate of returr $479,000 7 years $83,000 Straight-line Straight-line $130,000 $67,000 20% 15% How long is the payback period for Proposal Y? VA O A. 11.94 years OB. 577 years O C. 7.15 years O D. 6.15 years Distribution Corporation collects 35% of a month's sales ite month of Sale, 45% in the month t folloing sal. and 20% in the second month following sale Budgeted sales for the upcoming four months are Apri bodgeted sales May budgeted sales June budgeted sales July budgeted sales $50,000 $130,000 210,000 5220,000 The amount of cash that will be collected in July is budgeted to be O A. $197,500 O B. $120,500 O C. $184 000 D. $77.000