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The Consumer Products Division of Goich Corporation had average operating assets of $ 4 3 5 , 0 0 0 and net operating income of

The Consumer Products Division of Goich Corporation had average operating assets of $435,000 and net operating income of $48,000 in May. The minimum required rate of return for performance evaluation purposes is 10%
What was the Consumer Products Division's minimum required return in May?
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