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The Box Manufacturing Division of the Alied Paper Company reported the following results from the past year. Shareholders require a return of 9% Management calculated

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The Box Manufacturing Division of the Alied Paper Company reported the following results from the past year. Shareholders require a return of 9% Management calculated a weighted average cost of capital (WACC) of 4% Alied's corporate tax rate is 30% Sales $400.000 Operating income 160.000 Total assets 1,700,000 Current abies 200.000 What is the division's Residual income (RIY O 592,000 OB. 5124 000 OC. 57.000 OD. $48.000

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