Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 36,880,000 Net operating income $ 3,008,960 Average operating assets $ 8,400,000 The company's minimum required rate of return 15 % The division's residual income is closest to:

Multiple Choice

• $3,008,960

• $4,268,960

• $(3,227,840)

• $1,748,960