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Chevron has cost of debt of 5.2% before taxes and cost of equity capital of 12.6%. CVX finances 87% of its total assets of $260

Chevron has cost of debt of 5.2% before taxes and cost of equity capital of 12.6%. CVX finances 87% of its total assets of $260 million with debt capital. CVX reported a pretax income of $7.89 million in 2021 and had a tax rate of 40%.


What was CVXs residual income?

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