Question: Question 1 6 pts Chicago Division has a required rate of return of 15%. The weighted average cost of capital is 10%. Here is the

Question 1 6 pts Chicago Division has a required rate of

Question 1 6 pts Chicago Division has a required rate of return of 15%. The weighted average cost of capital is 10%. Here is the information for Chicago Divisions operations: Current assets $120,000 Long-term assets $220,000 Current liabilities $90,000 Long-term liabilities $85,000 Operating income $52,800 What was the Chicago Division residual income? O $19,800 O $1,800 $34,800 O $7.920

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