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The following information is available for Company X: Sales $ 95000 Operating expenses $ 78100 Operating assets $ 64000 Stockholder's equity $ 23750 Cost of

The following information is available for Company X:

Sales	$ 95000
Operating expenses	$ 78100
Operating assets	$ 64000
Stockholder's equity	$ 23750
Cost of capital	8.5%

What is Company X's residual income? (Ignore Tax)

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