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 $3,000,000. The following information is available: 
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%.)
Definitions:
Top-Down Analysis
An investment strategy that starts with macroeconomic analysis to identify promising sectors or industries before selecting specific stocks.
Global Economy
This term refers to the interconnected worldwide economic activities that influence the production, distribution, and consumption of goods and services.
Firm's Prospects
This involves the future outlook or potential for success and growth of a company, often considered by investors when evaluating investment opportunities.
Consumer Confidence Index
A statistical measurement of consumers' overall perceptions of the economic environment and their willingness to spend money.
Q7: Assuming an interest rate of 14%, if
Q17: The Cookies Bakery Company managerial accountant considers
Q35: Presented are the income statements of Little
Q59: Customer satisfaction, operational efficiency, employee excellence, and
Q70: The purchase of inventory would be considered
Q98: A company acquires its own stock to
Q123: Flexible budgets are budgets that summarize cost
Q153: Cleveland Cove Enterprises is evaluating the purchase
Q191: When a company uses the indirect method
Q192: Which of the following would appear on