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The Cardstock Manufacturing Division of the Pulp Paper Company reported the following results from the past year Shareholders require a return of 8%. Management calculated

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The Cardstock Manufacturing Division of the Pulp Paper Company reported the following results from the past year Shareholders require a return of 8%. Management calculated a weighted - average cost of capital (WACC) of 3%. The company's corporate tax rate is 25%. What is the division's Residual Income (RI)? A. $84,000 B. $36,000 C. $35,000 D. $101,000

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