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Hamlin Corporation had $220,000 in invested assets, income from operations amounting to $48,400, and a desired minimum rate of return of 10%. Residual income for

Hamlin Corporation had $220,000 in invested assets, income from operations amounting to $48,400, and a desired minimum rate of return of 10%. Residual income for Hamlin is:

Group of answer choices

$2,200

$26,400

$24,200

$22,000

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