Question: If net operating income is $80,000, average operating assets are $640,000, and the minimum required rate of return is 11%, what is the residual income?

If net operating income is $80,000, average operating assets are $640,000, and the minimum required rate of return is 11%, what is the residual income?

Multiple Choice

$89,600

$60,800

$9,600

$70,400

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