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The following data relates to Logan Electric and its Light Bulb Division. Light Bulb Division sales Light Bulb Division operating income Light Bulb Division total

The following data relates to Logan Electric and its Light Bulb Division. Light Bulb Division sales Light Bulb Division operating income Light Bulb Division total assets Light Bulb Division current liabilities Corporate target rate of return Corporate weighted average cost of capital Corporate effective tax rate $9,000,000 $720,000 5,000,000 $520,000 11% 7% 25% What is the Light Bulb Division's Residual Income (RI)? A. S370.000 O B. $170,000 OC. $180,000 OD $550,000

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