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The manager of the division of a corporation has come up with the following figures for 2020: Net income Tax rate Return on investment Required
The manager of the division of a corporation has come up with the following figures for 2020: Net income Tax rate Return on investment Required cost of capital $196,000 30% 8% 14% What is the residual income of the division? $( 84,000) $(147,000) $( 63,000) $0 $(210,000)
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