help please.

O'Mally Department Stores is considering two possible expansion plans One proposal involves opening 5 stores in Indiana at the cost of $1,920,000. 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 $1,920,000 $2.900.000 Estimated life 5 years 5 years Estimated residual value SH0.000 $50.000 Estimated annual cash inflows over the next 9 years $200.000 $500,000 Required rate of return 116 11% The payback period for the Indiana proposal is closest to OA 24.00 years OB. 5.80 years OC. 9.60 years OD. 16.00 years. Click to select your