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The Aveco Division of Clear Pty Ltd requires a 12% rate of return. During a recent year Aveco had a net profit of $500,000 and

The Aveco Division of Clear Pty Ltd requires a 12% rate of return. During a recent year Aveco had a net profit of $500,000 and a residual income of $300,000. What was its ROI?

a. 12%

b. 40%

c. 15%

d. 30%

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