Use the information below to answer the following question(s) .
Williams Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,800,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,400,000. The following information is available:

-The payback period for the Kentucky proposal is closest to
A) 4.5 years.
B) 4.8 years.
C) 6.0 years.
D) 7.0 years.
Correct Answer:
Verified
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