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The manager of Synergy Company's Stock Division projects the following for next year: Sales Operating income Operating assets $195,000 70,000 385,000 The manager can invest

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The manager of Synergy Company's Stock Division projects the following for next year: Sales Operating income Operating assets $195,000 70,000 385,000 The manager can invest in an additional project that would require $50,000 investment in additional assets and would generate $9,000 of additional income. The company's minimum rate of return is 15%. What is the residual income for the Stock Division with the additional project? a $13,750 b. $4,200 C. $6,000 d. $40,000 25.600

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