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Avocado Company has an operating income of $106,000 on revenues of $1,060,000. Average invested assets are $505,000 and Avocado Company has an 8% cost of

Avocado Company has an operating income of $106,000 on revenues of $1,060,000. Average invested assets are $505,000 and Avocado Company has an 8% cost of capital. What is the residual income?

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