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Williams Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores...

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Williams Department Stores is considering two possible expansion plans. One proposal involves opening 5 stores in Manitoba at the cost of $1,800,000. Under the other proposal, the company would focus on Alberta and open 6 stores at a cost of $2,400,000. The following information is available: Ine accountung rate of return tor the Manitoba proposal is closest to 11.17%. 12.22% 12.50%

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