O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,920,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,500,000. The following information is available: 
The accounting rate of return for the Kentucky proposal is closest to
Definitions:
Account Earning
The income generated from an investment or the revenue accrued from a bank account over a specific period.
Discount Rate
The interest rate used to discount future cash flows of a financial instrument to present value.
Savings Bond
Government-issued bonds that are designed for individual investors and offer a fixed interest rate over a fixed period of time.
Matures
Refers to the point in time when a financial instrument, like a bond or loan, reaches its due date and the principal amount must be repaid.
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