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Oriole Corporation's Southern region operates as an investment center. The division's director is considering investing in machinery which costs of $100000 and is expected to

Oriole Corporation's Southern region operates as an investment center. The division's director is considering investing in machinery which costs of $100000 and is expected to generate $48000 in additional operating income. If the residual income for the equipment is $29000, what is the division's required rate of return? 29% 19% 48% None of these answer choices are correct image text in transcribed

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