Required information The Foundational 15 (Algo) [LO11-1, LO11-2] [The following information applies to the questions...
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Required information The Foundational 15 (Algo) [LO11-1, LO11-2] [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year's operations: At the beginning of this year, the company has a $175,000 investment opportunity with the following cost and revenue characteristics: The company's minimum required rate of return is 15%. 12. What is the residual income of this year's investment opportunity? 13. If the company pursues the investment opportunity and otherwise performs the same as last year, what residuat income will it earn this year
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