This Question: 2 pts 46 of 46 (44 complete) Redwood Corporation is considering two alternative Investment proposals with the following data ProposalX Proposal Y Investment 5870,000 $452.000 Useful life 7 years 7 years Estimated annual net cash inflows for 7 years $140.000 590.000 Residual value $56.000 Depreciation method Straight-line Straight-line Required rate of return 16% 6% How long is the payback period for Proposal? O A 9.67 years OB. 1554 years OC. 6 21 years OD. 502 years