The Extan division of World Corporation reported a residual income of $300,000. The division had $9 million

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The Extan division of World Corporation reported a residual income of $300,000. The division had $9 million of invested capital and a profit of $1 million. What is the imputed interest rate? Express your answer as a percentage, and round the answer to 2 decimal places (for example, 2.15%).

Posted Date: Jun 03, 2024 11:12 AM

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The Extan division of World Corporation reported a residual income of $300,000. The division had $9 million

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