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Howard has an ROI of 23% based on revenues of $402,000. The investment turnover is 2. What is the residual income if the cost of

Howard has an ROI of 23% based on revenues of $402,000. The investment turnover is 2. What is the residual income if the cost of capital is 7%? Multiple Choice $92,460 ($22,160) $28,140 $32160

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