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Cullumber Corporation's Midwestern region operates as an investment center. Rich Ruhlman, the division's manager, has set a 1 5 % required minimum rate of return.
Cullumber Corporation's Midwestern region operates as an investment center. Rich Ruhlman, the division's manager, has set a required minimum rate of return. Ruhlman is considering investing in computerized manufacturing equipment with a cost of $ The equipment is expected to generate $ in additional operating income. What is the equipment's residual income?
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$
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