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The Jet Ski Division of Benton Boat Corporation had the following results last year. Management's target rate of return is 16% and the weighted average

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The Jet Ski Division of Benton Boat Corporation had the following results last year. Management's target rate of return is 16% and the weighted average cost of capital is 6%. What is the Jet Ski Division's Residual Income (RI)? A. $80,000 B. $480,000 C. $20,000 D. $500,000

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