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What the divisions investment amount was

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Reference no: EM132516558

Howard Company provided the following selected information about its consumer products division for the current year:

Desired ROI 6%

Net Income$342,000

Residual Income$300,000

Question 1: Based on this information, the division's investment amount was:

Option 1: $5,000,000.

Option 2: $10,700,000.

Option 3: $5,700,000.

Option 4: $700,000.

Reference no: EM132516558

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