K Beck Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,880,000. 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: Required investment Estimated life Estimated residual value Estimated annual cash inflows over the next 9 years Required rate of return Indiana proposal $1,880,000 7 years $40,000 $700,000 8% OA. 8.00% OB. 13.97% OC. 29.63% OD. 15.66% Kentucky proposal $2,700,000 7 years $60,000 $800,000 8% The accounting rate of return for the Kentucky proposal is closest to (Round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, X.XX%.)

04, A. 500c a. 139h c. 29634 D. 1560s