Question 3 Answer saved A company reports a net income of $100 for the current fiscal year. Its book value of equity at the beginning of the year was $1000. The firm's weighted average cost of capital is 7%, cost of debt is 4%, and cost of equity is 10%. What is the abnormal earnings (residual income) for the current year? Marked out of 1.00 Flag question Select one: O a. $ 100 O b. $-600 O c. $-300 d. $0 Clear my choice