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8 A company?s current net operating income is $16,800 and its average operating assets are $80,000. The company?s required rate of return is 18%. A

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A company?s current net operating income is $16,800 and its average operating assets are $80,000. The company?s required rate of return is 18%. A new project being considered would require an investment of $15,000 and would generate annual net operating income of $3,000. What is the residual income of the new project? 20.8% 20% ($150) $300

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