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Brooks Company provides the following information regarding its fishing boat line. Sales $80,000,000 Income $ 5,760,000 Avg Invested Assets $32,000,000 Brooks has a hurdle rate

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Brooks Company provides the following information regarding its fishing boat line. Sales $80,000,000 Income $ 5,760,000 Avg Invested Assets $32,000,000 Brooks has a hurdle rate for its investments of 10%. What is residual income for the fishing boat line? $5,760,000 ($2,240,000) $3,200,000 $2,240,000 $2,560,000

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