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The following data pertain to Dakota Divisions most recent year of operations. Income $ 10,500,000 Sales revenue 130,000,000 Average invested capital 51,000,000 Assume that the

The following data pertain to Dakota Divisions most recent year of operations.

Income $ 10,500,000
Sales revenue 130,000,000
Average invested capital 51,000,000

Assume that the companys minimum desired rate of return on invested capital is 10 percent.

Required:

Compute Dakota Divisions residual income for the year.

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