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Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 37,380,000 Net operating

Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:

Sales $ 37,380,000
Net operating income $ 3,258,960
Average operating assets $ 8,900,000
The company's minimum required rate of return 16 %

The division's residual income is closest to:

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