Use the information below to answer the following question(s) .
Williams Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Indiana at the cost of $1,800,000. Under the other proposal, the company would focus on Kentucky and open 6 stores at a cost of $2,400,000. The following information is available:
-The payback period for the Indiana proposal is closest to
Definitions:
In Loco Parentis
A legal doctrine meaning "in the place of a parent," referring to the authority of an institution or individual to take on some of the functions and responsibilities of a parent.
Free Speech
The right to express one's opinions without censorship, restraint, or legal penalty, protected under the First Amendment of the U.S. Constitution.
Haight-Ashbury
A neighborhood in San Francisco known for being the birthplace of the 1960s counterculture movement.
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