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Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income

Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $460,000 on sales of $1,900,000. The companys average operating assets for the year were $2,100,000 and its minimum required rate of return was 15%.

What would the company's residual income for the year be?

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