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59} Assume the Air Conditioning division of the General Appliance Corporation had the following 59) results last year (in thousands). Management's target rate of return

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59} Assume the Air Conditioning division of the General Appliance Corporation had the following 59) results last year (in thousands). Management's target rate of return is 15% and the weighted average cost of capital is 10%. Its effective tax rate is 35%. $ 10.000300 Operating income 2,000,000 Total assets 2.500000 Current liabilities 820.000 What is the division's Residual Income (RI)? A) $500,000 B) $1,760,000 C) $1,132,364 D) $1,625,000

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