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What is the? divisions residual income?

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The Rainy Division of Seattle Corporation reported the following results from the past year. Shareholders require a return of 9?%. Management calculated a weighted-average cost of capital? (WACC) of 8?%. ?Rainy's corporate tax rate is 30?%.

Sales-- $600,000

Operating income -- 150,000

Total assets -- 1,400,000

Current liabilities -- 200,000

What is the? division's Residual Income? (RI)?

Reference no: EM132318609

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