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Sunrise has two divisions: East and Midwest. In 2020, the East divisions average operating assets of 20 million and net operating income of 3 million.
Sunrise has two divisions: East and Midwest. In 2020, the East divisions average operating assets of 20 million and net operating income of 3 million. In 2020, the Midwest division has average operating assets of 50 million and net operating income of 6 million. Both segments have the same amount of residual income. What is the minimum required rate of return?
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