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ncorrect Question 11 0 / 1.5 pts A firm is considering multiple projects. The firm's required rate of return is 13% Project A: . Investment:
ncorrect Question 11 0 / 1.5 pts A firm is considering multiple projects. The firm's required rate of return is 13% Project A: . Investment: $1,133,252 . Income: $114,772 Project B: . Investment: $1,338,325 . Income: $494,303 The firm picks the project with the higher residual income. What is the residual income of that project (round answer to nearest cent if necessary; answer will be a positive number)? 306,937.5
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