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Mason Corporation had $1,065,000 in invested assets, sales of $1,275,000, income from operations amounting to $240,000, and a desired minimum rate of return of 15%.

Mason Corporation had $1,065,000 in invested assets, sales of $1,275,000, income from operations amounting to $240,000, and a desired minimum rate of return of 15%.

The residual income for Mason Corporation is

a.$80,250

b.$112,350

c.($6,000)

d.$0

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