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Stuart Corporation has a desired rate of return of 6 percent. William Tobin is in charge of one of Stuart's three investment centers. His center

image text in transcribed Stuart Corporation has a desired rate of return of 6 percent. William Tobin is in charge of one of Stuart's three investment centers. His center controlled operating assets of $2,450,000 that were used to earn $263,000 of operating income. Required Compute Mr. Tobin's residual income. Answer is complete but not entirely correct

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