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Pavidson Corporation has a target return of 1 5 % . If a prospective investment has an estimated return on investment of 2 0 %
Pavidson Corporation has a target return of If a prospective investment has an estimated return on investment of and a residual income of $ what is the estimated cost of the investment?
elect one:
a $
b The answer can't be determined from this information.
c $
d $
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