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The Country Garden Company's current net operating income is $21.120 and its average operating assets are $88,000. The Country Garden's required rate of return is

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The Country Garden Company's current net operating income is $21.120 and its average operating assets are $88,000. The Country Garden's required rate of return is 21%. A new project being considered would require an investment of $20,000 and would generate annual net operating income of $4,600. What is the residual income of the new project? $400 $(200) $235. O $966

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