Simply Chocolate is considering two possible expansion plans. Prop Xinvolves opening 5 stores in Indiana at the cost of $1,000,000. Under Prop Y, the company would focus on Kentucky and open 6 stores at a cost of $1,500,000. The following information is available: Prop X Prop Y Required investment $1.000.000 $1,500,000 5 years 5 years Estimated life Estimated residual value $100,000 $150.000 Estimated annual cash over net 5 years. $400.000 $500,000 Required rate of return 10% 10% Some present value factors are available: Periods Present value of $1 Present value of an annuity. 10% 10% 1 0.909 0.909 0.826 1.736 2.487 4 0.683 3.170 5 0.621 3.791 3 0.751 What is the Net Present Value of Prop Y? I did a little rounding, so select the closest response