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