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Campbell Corporation has a desired rate of return of 6 percent. William Tobin is in charge of one of Campbells three investment centers. His center

Campbell Corporation has a desired rate of return of 6 percent. William Tobin is in charge of one of Campbells three investment centers. His center controlled operating assets of $2,500,000 that were used to earn $264,000 of operating income. Required Compute Mr. Tobins residual income.

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