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O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,800,000. Under the other proposal, the company would focus on Kend and open 6 stores at a cost of $2.400,000. The following information is available: Indiana proposal Kentucky Bros Required investment $1.800.000 $2.400.000 Estimated te 7 years 7 years Estimated residual value $70,000 $80.000 Estimated annual cash inflows over the next years $500,000 Required rate of return The payback period for the Kentucky proposal is closest to SOO 000 O A 462 years O B. 4.00 years O c. 30.00 years OD 3.87 years