O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,890,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,900,000 .The following information is available:
The payback period for the Kentucky proposal is closest to
A) 3) 97 years.
B) 3) 54 years.
C) 3) 63 years.
D) 41.43 years.
Correct Answer:
Verified
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