Question: Stark Industries reports that its average operating assets are $511,000,000 and its net operating income is $147,000,000 on sales of $1,645,000,000. What is the residual

Stark Industries reports that its average operating assets are $511,000,000 and its net operating income is $147,000,000 on sales of $1,645,000,000.

What is the residual income if the required rate of return is 0.11? Round your answer to the nearest dollar.

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