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Augusta Corps Golf Division has sales of $195,000, cost of goods sold of $105,000, operating expenses of $30,000, average invested assets of $905,000, and a

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Augusta Corps Golf Division has sales of $195,000, cost of goods sold of $105,000, operating expenses of $30,000, average invested assets of $905,000, and a hurdle rate of 13.50 percent. Calculate the Golf Division's return of investment and its residual income

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