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1. 2. Colonial has an ROI of 18% based on revenues of $318,000. The investment turnover is 1.5 and residual income is $19,928. What is

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Colonial has an ROI of 18% based on revenues of $318,000. The investment turnover is 1.5 and residual income is $19,928. What is the hurdle rate? Multiple Choice 18.00% 8,60% 15.60% 12.60% Indigo Corp, has an ROI of 15% and a residual income of $9,520. If operating income equals $42,000, what is the hurdle rate? Multiple Choice 34.90% 19.90% 15.00% 11.60%

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