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Need help. Cullumber Industries is considering the purchase of equipment costing $ 81400. The company has a 16% required minimum rate of return. The equipment

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Cullumber Industries is considering the purchase of equipment costing $ 81400. The company has a 16% required minimum rate of return. The equipment is expected to generate $ 21400 in additional operating income. What is the equipment's residual income? $ 13024 $16448 O $ 9600 O $ 8376

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