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Indigo Corp. has an ROI of 15% and a residual income of $4,680. If operating income equals $58,500, what is the hurdle rate? Multiple Choice

Indigo Corp. has an ROI of 15% and a residual income of $4,680. If operating income equals $58,500, what is the hurdle rate? Multiple Choice 13.80% 22.10% 37.10% 15.00%

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