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5. Richmond Doors, a division of Zephyr Corp., has a net operating income of $60,000 and average operating assets of $300,000. The required rate of

5. Richmond Doors, a division of Zephyr Corp., has a net operating income of $60,000 and average operating assets of $300,000. The required rate of return for the company is 15%. What is the divisions residual income?

A. $240,000

B. $15,000

C. $15,000

D. $291,000

E. 0

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