Last year, Neil Company had sales of $840,000, interest expense of $100,000, and net income of $126,000. The company's tax rate is 30% and its cost of capital is 14%. Neil has noninterest-bearing current liabilities that total $75,000 and it has total assets of $300,000. Reference: Ref 12-3 What is Neil Company's residual income? Answer $61,600 $157,500 $103,500 $164,500