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Colonial has an ROI of 18% based on revenues of $330,000. The investment turnover is 1.5 and residual income is $19,800 What is the hurdle

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Colonial has an ROI of 18% based on revenues of $330,000. The investment turnover is 1.5 and residual income is $19,800 What is the hurdle rate? Multiple Choice 9.00 16.00% 1300% 18.00

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