O'Mally Department Stores Is Considering Two Possible Expansion Plans

question 134

Multiple Choice

O'Mally Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,840,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,300,000. The following information is available: The net present value of the Indiana proposal is closest to:
Present Value of $1
Present Value of Annuity of $1

• A)$844,000.
• B)$862,520.
• C)$825,480.
• D)$2,702,520.

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