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Shannon Pharmaceuticals has the following information available for one of its divisions in the current year: Sales revenue $10,000,000 Operating expenses 4,500,000 Average operating assets

Shannon Pharmaceuticals has the following information available for one of its divisions in the current year: Sales revenue $10,000,000 Operating expenses 4,500,000 Average operating assets 4,000,000 The company requires each of its divisions to generate a minimum return of 30%. What is this division's residual income?

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