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 accounting rate of return for the Kentucky proposal is closest to
A) 10.83%.
B) 11.17%.
C) 12.50%.
D) 20.83%.
Correct Answer:
Verified
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