O'Mally Department Stores is considering two possible expansion plans One proposal involves opening 5 stores in Indiana at the cost of 51.820,000 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 Kentucky proposal Required investment $1,820.000 $2,500,000 Estimated life 12 years 12 years Estimated residual life $50,000 $60,000 Estimated annual cash inflows over the next 12 years $300,000 $500.000 Required rate of return 8% The net present value of the Kentucky proposal is closest to (Click the icon to view the present value of $1 table) Ir the lean to view the rocant wall anne of the 8% O A. $3,791,820 OB. $1.244.180 OC. $1,268,000 OD. $1.291,820 - Data Table Present Value of $1 Periods 7 8 9 10 11 12 6% 0.665 0.627 0.592 0.558 0.527 0.497 8% 0.583 0.540 0.500 0.463 0.429 0.397 10% 0.513 0.467 0.424 0.386 0.350 0.319 12% 0.452 0.404 0.361 0.322 0287 0.257 14% 0.400 0 351 0.308 0.270 0.237 0.208 m ui Data Table nd . 10 Present Value of Annuity of 51 Periods 6% 7 5.582 8 6.210 9 6.802 10 7360 11 7 887 12 8.384 A. 8% 5 206 5.747 6.247 6.710 7139 7.536 10% 4.868 5.335 5.759 6.145 6.495 6.814 12% 4.564 4.968 5328 5.650 5938 6.194 14% 4288 4639 4946 5216 5563 5660 . SD