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Felton Company produces rubber bands for commercial and home use. Felton reported $5 million residual income (RI) with $25 million net book value (NBV) of

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Felton Company produces rubber bands for commercial and home use. Felton reported $5 million residual income (RI) with $25 million net book value (NBV) of assets and $8 million in operating income for the year. What was the required rate of return? Required rate of return %

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