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What is the residual income for the year

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Question - For the first year of Mamasuka company, annual cash inflow is $80,000, invested capital is $550,000, which is depreciated by the straight-line method for 10 years. The interest rate is 9 percent. What is the residual income for the year?

A. $85,500

B. None of the given options.

C. $30,500

D. $82,800

Reference no: EM132955538

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