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Benson Corporation has a desired rate of return of 10 percent. William Tobin is in charge of one of Bensons three investment centers. His center

Benson Corporation has a desired rate of return of 10 percent. William Tobin is in charge of one of Bensons three investment centers. His center controlled operating assets of $2,500,000 that were used to earn $262,000 of operating income.

Required Compute Mr. Tobins residual income.

Residual Income________

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