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Copr. Goedl Astore, Inc. reported the following financial data for the most recent year end. Sales, $ 2 1 0 , 0 0 0 ;
Copr. Goedl Astore, Inc. reported the following financial data for the most recent year end. Sales, $; operating expenses $; average operating assets, $; total liabilities, $
The company is considering investing in a new machine that would cost $ The machine should generate an additional $ in sales revenue and cost approximately $ to operate.
The company's minimum required rate of return is
What is the residual income for the new machine?
$
$
$
$
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