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how to solve Colonial has an ROI of 18% based on revenues of $420,000. The investment turnover is 15 and residual income is $16,800 What

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Colonial has an ROI of 18% based on revenues of $420,000. The investment turnover is 15 and residual income is $16,800 What is the hurdle rate? Multiple Choice 18.00% 16.00% 12.00%

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