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Howard Company provided the following selected information about its consumer products division for the current year: Desired ROI6%Net Income$342,000Residual Income$300,000 Based on this information, the

Howard Company provided the following selected information about its consumer products division for the current year:

Desired ROI6%Net Income$342,000Residual Income$300,000

Based on this information, the division's investment amount was:

  • $5,000,000.
  • $10,700,000.
  • $5,700,000.
  • $700,000.

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