Blue Hawk Industries creates specialized running shoes. Through the unique, patented design, these shoes have beentested and proven to allow the person wearing them to run faster and jump higher. Currently, the company operates outof its only location in Dickinson, North Dakota. High demand has suggested the company expand its operations toadditional locations. Management is contemplating three mutually exclusive projects to expand the business.Accounting staff has suggested and researched three possible cities for expansion: St. Louis, Billings, and Salt LakeCity. Management expects an 9 percent return and a 4-year payback period