Redwood Corporation is considering two alternative investment proposals with the following data: Proposal X Proposal Y Investment $800,000 $463,000 Useful life 8 years 8 years Estimated annual net cash inflows for 8 years $120,000 561,000 Residual value $60,000 O A. 6.67 years OB. 768 years OC. 7.59 years OD. 13.27 years u yedis o yedis $61,000 US Estimated annual net cash inflows for 8 years Residual value Depreciation method Required rate of return $- $120,000 $60,000 Straight-line 18% Straight-line 9% How long is the payback period for Proposal Y? O A. 6.67 years OB. 7.68 years O C. 7.59 years OD. 13.27 years Click to select your