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Required information [ The following information applies to the questions displayed below. ] Westerville Company reported the following results from last year's operations: At the

Required information
[The following information applies to the questions displayed below.]
Westerville Company reported the following results from last year's operations:
At the beginning of this year, the company has a $160,000 investment opportunity with the following cost and revenue
characteristics:
The company's minimum required rate of return is 10%.
What is the residual income of this year's investment opportunity?
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