uestion 13 0.3125 points Save Answe O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,850,000 Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,500,000. The following information is available: Indiana proposal $1,850,000 5 years $40,000 $600,000 14% Kentucky proposal $2.500,000 5 years $80.000 $700,000 Required investment Estimated life Estimated residual value Estimated annual cash inflows over the next 10 years Required rate of return 14% The accounting rate of return for the Indiana proposal is closest to (Round any internmediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, XXX % ) 32.43% 8.64 %. O 12.86 % 30.27%