3. Last year, Briggs Company had residual income of $16,000, aturnover of 2, and margin of 15. If the company has a 20% minimumrequired rate of return, what is the NOI? < A. $48,000 B.$32,000 C. 3. Last year, Briggs Company had residual income of \( \$ 16,000 \), a turnover of 2 , and margin of 15. If the company has a \( 20 \% \) minimum required rate of return, what is the \( \mathrm{NOI} ? 2 answers