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The Produce Division of Nature Green has invested capital of $940,000 and noninterest-bearing current liabilities totaling $20,000. If the minimum required return is 11 percent,
The Produce Division of Nature Green has invested capital of $940,000 and noninterest-bearing current liabilities totaling $20,000. If the minimum required return is 11 percent, cost of capital is 9 percent, and residual income is $12,000, how much is NOPAT? A. $113,200 B. $115,400 C. $94,800 D. $96,600 . I know the correct answer is D I just want to get where it came from
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