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Miami Corporation has net operating income of $120,000, average invested assets of $600,000, and a hurdle rate of 7%. What is the residual income? Multiple

Miami Corporation has net operating income of $120,000, average invested assets of $600,000, and a hurdle rate of 7%. What is the residual income? Multiple Choice $100,000 $166,667 $78,000 $42,000

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