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Question 9 5 pts The manager of Synergy Company's Stock Division projects the following for next year: Sales $244,050 Operating income 88,627 Operating assets 399,094
Question 9 5 pts The manager of Synergy Company's Stock Division projects the following for next year: Sales $244,050 Operating income 88,627 Operating assets 399,094 The manager can invest in an additional project that would require $55,207 investment in additional assets and would generate $9,259 of additional income. The company's minimum rate of return is $10%. What is the residual income for the Stock Division with the additional project. Do not round your intermediate calculations
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