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21. Miami Corp. has an operating income of $103,000, average invested assets of $608,000, and a cost of capital of 7%. What is the residual

21. Miami Corp. has an operating income of $103,000, average invested assets of $608,000, and a cost of capital of 7%. What is the residual income?

Multiple Choice

  • $60,440

  • $42,560

  • $103,000

  • $172,107

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