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3. Remington has an ROI of 18% based on revenues of $300,000. The investment turnover is 1.5 and residual income is $20,000. What is the

3. Remington has an ROI of 18% based on revenues of $300,000. The investment turnover is 1.5 and residual income is $20,000. What is the hurdle rate? please show work!

A. 15%

B. 12%

C.18%

D. 8%

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