Multiple Choice
The Global Division of Station Depot has invested capital of $920,000.If residual income is $4,600 and net operating profit after taxes is $69,000, how much is the cost of capital?
A) 7.00%
B) 6.67%
C) 7.50%
D) 8.00%
Correct Answer:
Verified
Correct Answer:
Verified
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