Hubbard Division of the Market Company has an opportunity to invest in a new project....
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| Hubbard Division of the Market Company has an opportunity to invest in a new project. The project will yield an incremental operating income of $37,500 on average invested assets of $450,000. Hubbard currently has operating income of $205,000 on average invested assets of $2,035,000. Market Company requires a 6% rate of return on new projects. |
| a. | What is Hubbard |
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