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Howard has an ROI of 17% based on revenues of $410,000. The investment turnover is 2. What is the residual income if the cost of

Howard has an ROI of 17% based on revenues of $410,000. The investment turnover is 2. What is the residual income if the cost of capital is 8%? Multiple Choice $18,450 $32,800 ($8,450) $69,700

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