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It is the end of the third quarter, and Patricia is evaluating the performance of two key divisions in the company. Both divisions had $48,000

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It is the end of the third quarter, and Patricia is evaluating the performance of two key divisions in the company. Both divisions had $48,000 cash available for investment in the fourthquarter, so Patricia is now analyzing each division before a potential investment She has gathered the following condensed income statements and selected information from the balance sheet for each division. The company's minimum required rate of return is 8%, while its weighted average cost of capital is B\%. Its effective tax rate is 25% How much new operating income would each division need to generate in the fourth quarter to reach a positive RI by year-end? Assume again that each division purchases a $48,000 nondepreciable asset that is still included in operating assets

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