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Simply Chocolate is considering two possible expansion plans. Prop X involves opening 5 stores in...

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Accounting

Simply Chocolate is considering two possible expansion plans. Prop X involves opening 5 stores in Indiana at the cost of $2,400,000. Under Prop Y, the company would focus on Kentucky and open 6 stores at a cost of $3,000,000. The following information is available: Prop X Prop Y Required investment $2,400,000 $3,000,000 Estimated life 10 years 10 years Estimated residual value $200,000 $200,000 Estimated annual cash over net 10 years. $450,000 $580,000 Required rate of return 14% 14% What is the Net Present Value of Prop Y

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