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Beery Incorporated reported the following results from last year's operations: At the beginning of this year, the company has a $900,000 investment opportunity with the

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Beery Incorporated reported the following results from last year's operations: At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: The company's minimum required rate of retum is 12%. If the company pursues the investment opportunity, this year's combined residual income for the entire company will be closest to

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