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Fairpoint Products provided the following selected information about its consumer products division for the current...

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Question

Accounting

Fairpoint Products provided the following selected information about its consumer products division for the current year:

Desired ROI 8%
Net Income $ 112,000
Residual Income $ 66,000

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

Multiple Choice

$825,000.

$575,000.

$2,225,000.

$1,400,000.

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