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The Country Garden Company's current net operating income is $24, 165 and its average operating assets are $89, 500. The Country Garden's required rate of
The Country Garden Company's current net operating income is $24, 165 and its average operating assets are $89, 500. The Country Garden's required rate of return is 24%. A new project being considered would require an investment of $21, 500 and would generate annual net operating income of $5, 590. What is the residual income of the new project? $1, 342. $640. $(215). $430
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