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What is dover residual income

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Reference no: EM133185149

Question - The following information pertains to Dover Electronics, Inc.:

Beginning Book Value - $12,500,000

Est. Net Income - $3,400,000

Required Rate of Return - 12%

Dividends - $1,700,000

What is Dover's residual income?

A. $2,020,000

B. $1,500,000

C. $1,900,000

D. $200,000

Reference no: EM133185149

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