Williams Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Manitoba at the cost of $1,780,700. Under the other proposal, the company would focus on Alberta and open 6 stores at a cost of $2,400,000. The following information is available: 39 Manitoba proposal SI 730 700 Alberta proposal $2.400.000 Required investment Eistede 10 ya 10 yea 15 Fatmaterial value so $80.000 Este annual cabinews over the next 10 years 3400.000 3500.000 1094 Required rate of return 1094 The net present value of the Manitoba proposal is closest to Please note that present value tables are provided if needed for your calculations. Table A: Present of $1 Table B: Present Value of Annuity of S1 Period 10% Period 10 1 0.909 1 0.909 2 0.8.26 2 1.735 3 0.751 3 2.486 4 0.683 4 3.169 wal Please note that present value tables are provided if needed for your calculations. The A: Present of 51 Table Precent Value of Annuity of St Portad 1ON Period TON 1 000 000 > OR 2 1.7 51 06 0.621 1791 0564 6 0.51 1 AR 0.467 8 5.315 0.024 9 5.759 10 0.386 10 6.145 $1,291,800 $461,650. $677,300 $658,000