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Required information The Foundational 15 (Algo) (L010-1, L010-2) The following Information applies to the questions displayed below) Westervile Company reported the following results from last

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Required information The Foundational 15 (Algo) (L010-1, L010-2) The following Information applies to the questions displayed below) Westervile Company reported the following results from last year's operations: Sales $1,750,000 Variable expenses 520,000 Contribution margin 1,230,000 Fixed expenses 880.000 Net operating income $ 350,000 Average operating assets $ 875,000 At the beginning of this year, the company has a $200,000 investment opportunity with the following cost and revenue characteristics: Sales $ 320,000 Contribution margin ratio 60 of sales Fixed expenses $ 128,000 The company's minimum required rate of return is 20% Foundational 10-13 (Algo) 13. If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it eam this year? Rodual como

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