Meadow Brook Manor would like to buy some additional land and build a new assisted living center. The anticipated total cost is $23.6 million. The CEO of the firm is quite conservative and will only do this when the company has sufficient funds to pay cash for one-half of the entire construction project. Management has committed to set aside $500,000 per quarter. The firm earns 5.25 percent, compounded quarterly, on the funds it saves. How long does the company have to wait before expanding its operations? a.4.91years b 5.02years c 5.17years d 5.97 years d 6.17 years