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Howard has an ROI of 22% based on revenues of $414,000. The investment turnover is 2. What is the residual income if the cost of

Howard has an ROI of 22% based on revenues of $414,000. The investment turnover is 2. What is the residual income if the cost of capital is 12%? Multiple Choice ($10,700) $49,680 $91,080 $20,700

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