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14 Assume that Division Blue has achieved a yearly income from operations of $155,000 using $1,051,000 of invested assets. If management has set a minimum

14

Assume that Division Blue has achieved a yearly income from operations of $155,000 using $1,051,000 of invested assets. If management has set a minimum acceptable return of 11%, the residual income is

a.$155,000

b.$47,268

c.$31,512

d.$39,390

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