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A company provides the following summary information: Weight of debt 64.00% Weight of equity 36.00% Beginning operating assets $191,000 Beginning operating liabilities $29,000 The company's
A company provides the following summary information: Weight of debt 64.00% Weight of equity 36.00% Beginning operating assets $191,000 Beginning operating liabilities $29,000 The company's after-tax cost of debt is 4.20%, its cost of equity is 9.40%, and NOPAT is $32,925. What is residual operating income (ROPI)? (Do not round intermediate calculations.)
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