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Loyalty Company has net income of exist150,000, exist100,000 in interest expense, a tax rate of 35%, and a cost of capital of 14%. It has
Loyalty Company has net income of exist150,000, exist100,000 in interest expense, a tax rate of 35%, and a cost of capital of 14%. It has total assets of 51, 525,000, with noninterest-bearing current liabilities of 5275,000. Calculate NOPAT and residual income for Loyalty
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