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In 2016, Evans Corporation had an operating profit of $750,000 and a residual income of $300,000. If Evans' cost of capital is 15%, what is

In 2016, Evans Corporation had an operating profit of $750,000 and a residual income of $300,000. If Evans' cost of capital is 15%, what is the amount of the invested capital?

A. 5,000,000

B. 3,000,000

C. 2,000,000

D 1,250,000

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