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Blossom Corporation's Midwestern region operates as an investment center. Rich Ruhlman, the division's manager, has set a 15% required minimum rate of return. Ruhlman is

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Blossom Corporation's Midwestern region operates as an investment center. Rich Ruhlman, the division's manager, has set a 15% required minimum rate of return. Ruhlman is considering investing in computerized manufacturing equipment with a cost of $232000. The equipment is expected to generate $66200 in additional operating income. What is the equipment's residual income? $66200$34800$31400 None of these answer choices are correct

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