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The FGH Company has an asset turnover of 3.0 times, using assets of $45,000. The company also has a return on investment (ROI) of 20%.

The FGH Company has an asset turnover of 3.0 times, using assets of $45,000. The company also has a return on investment (ROI) of 20%. If the residual income was $2,250, what was the company's cost of capital? (Ignore taxes) A 6.0% B 10.0% C 15.0% D 20.0%

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