O'Mally Department Stores Is Considering Two Possible Expansion Plans

O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,850,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,600,000. The following information is available: The net present value of the Kentucky proposal is closest to:
Present Value of $1
Present Value of Annuity of $1

A) $2,296,700.
B) $2,316,000.
C) $2,335,300.
D) $4,935,300.