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Cabal Products is a division of a major corporation. Last year the division had total sales of $24,240,000, net operating income of $2,278,560, and average

Cabal Products is a division of a major corporation. Last year the division had total sales of $24,240,000, net operating income of $2,278,560, and average operating assets of $6,302,400. The company's minimum required rate of return is 16%. The division's residual income is closest to:

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