A division of C Corp. had average operating assets of $2,600,000. The company requires a return on investment of at least 8%. The division earned controllable margin of $250,000 on sales of $3,200,000. How much is residual income?

Select one:

a. $156,000

b. $256,000

c. $292,000

d. $42,000

e. $208,000