If South wants a residual income of $61,500 and the minimum required rate of return is 10.00%, the annual turnover will have to be

The following data are available for the South Division of Redride Products, Inc. and the single product it makes: Unit selling price$65 Variable cost per unit$21.00 Annual Fixed costs$330,400 Average operating assets $3,300,000 If south wants a residual income of $61,500 and the minimum required rate of return is 10.00%, the annual turnover will have to be (Round your immediate calculations and final answer to 2 decimal places): 3.11 0.64 0.32 0.22