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Lumsden Inc

Question 155

Multiple Choice

Lumsden Inc. has a $1,200,000 investment opportunity with the following characteristics: Lumsden Inc. has a $1,200,000 investment opportunity with the following characteristics: The company's minimum required rate of return is 7%. The residual income for this year's investment opportunity is closest to: A) $120,000 B) $36,000 C) $0 D) $84,000 The company's minimum required rate of return is 7%. The residual income for this year's investment opportunity is closest to:


A) $120,000
B) $36,000
C) $0
D) $84,000

Correct Answer:

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