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Applin Corporation has a desired rate of return of 6 percent. Troy Anderson is in charge of one of Applins three investment centers. His center

Applin Corporation has a desired rate of return of 6 percent. Troy Anderson is in charge of one of Applins three investment centers. His center controlled operating assets of $2,450,000 that were used to earn $280,000 of operating income.

Required:

Compute Mr. Andersons residual income.

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