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The Nashville Division of Country Classics currently reports a profit of $4.0 million. Divisional invested capital totals $9.9 million; the imputed Interest rate is

The Nashville Division of Country Classics currently reports a profit of $4.0 million. Divisional invested capital totals $9.9 million; the imputed Interest rate is 11%. On the basis of this information, Nashville's residual income is: Multiple Choice $440,000. $649,000. $1,089,000. $2,911,000. None of the answers is correct

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