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Peterson Office Supplies Inc. is planning an expansion to compete with Office World. Peterson has a $500,000 investment opportunity that would involve sales of $1,050.000,

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Peterson Office Supplies Inc. is planning an expansion to compete with Office World. Peterson has a $500,000 investment opportunity that would involve sales of $1,050.000, a contribution margin ratio of 40% of sales and fixed expenses of $325,500. The company's minimum required rate of return is 15%. The residual income for this year's investment opportunity is closest to: $19,500 $75,000 $224,500 SO Moving to another question will save this recor

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