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The Central Division of Wellington Company has a return on investment (ROI) of 12.0%, using assets of $66,000. If the residual income was $2,640, what

The Central Division of Wellington Company has a return on investment (ROI) of 12.0%, using assets of $66,000. If the residual income was $2,640, what was the division's cost of capital? (Ignore tax.)

Multiple Choice

A 12.0%

B 8.0%

C 24.0%

D 4.8%

E None of these.

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