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Ivanhoe Corporation's Southern region operates as an investment center. The division's director is considering investing in machinery which costs of $100000 and is expected to

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Ivanhoe Corporation's Southern region operates as an investment center. The division's director is considering investing in machinery which costs of $100000 and is expected to generate $37000 in additional operating income. If the residual income for the equipment is $18000, what is the division's required rate of return? 18% O 19% O 37% O None of these answer choices are correct

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