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Estate has sales revenue of $ 4 9 0 , 0 0 0 resulting in net operating income of $ 4 3 , 6 1

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Estate has sales revenue of $490,000 resulting in net operating income of $43,610. The residual income is $17,150, and the investment turnover is 2. What is the hurdle rate?
Multiple Choice
17.80%
8.90%
10.80%
21.60%
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