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A firm earned $ 6 0 0 million in after - tax operating income on capital invested of $ 9 2 0 million last year.

A firm earned $600 million in after-tax operating income on capital invested of $920 million last year. In addition, the firm reported net CAPEX of $20 million and an increase in noncash working capital of $15 million. Assuming the firm's return on capital and reinvestment rate remain unchanged, estimate the expected growth in operating income next year.

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