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Killian Corp. has a residual income of $38,000 on invested assets of $456,000. If the hurdle rate is 10%, what is the operating income? $45,600

Killian Corp. has a residual income of $38,000 on invested assets of $456,000. If the hurdle rate is 10%, what is the operating income?

$45,600

$38,000

$3,800

$83,600

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