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Florida Inc. has revenues of $750,000 resulting in an operating income of $83,160. Average invested assets total $378,000; the cost of capital is 12%. Return

Florida Inc. has revenues of $750,000 resulting in an operating income of $83,160. Average invested assets total $378,000; the cost of capital is 12%. Return on investment is:

-$45,360

-11.09%

-22.00%

-$22,860

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