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A company uses a cost of capital of 16% in evaluating its investment projects. Division X, which is part of the company, has total assets

A company uses a cost of capital of 16% in evaluating its investment projects. Division X, which is part of the company, has total assets of $1458000 and a ROI of 18% at the end of this year. What is residual income of division X?

Select one:

a. $262440.

b. $29160.

c. $0.

d. $233280.

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