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Calculate the payback period Beck Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of
Calculate the payback period
Beck Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,860,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,700,000. The following information is available: Kentucky proposa $2,700,000 5 years $40,000 $900,000 14% A. 5.47 years B. 31 years C. 4.65 years D. 3 years Step by Step Solution
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