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Howard Company Provided the Following Selected Information About Its Consumer  Desired ROI 12% Operating income $204,800 Residual income $64,800\begin{array}{lr}\text { Desired ROI } & 12\% \\\text { Operating income } & \$ 204,800 \\\text { Residual income } & \$ 64,800\end{array}

Question 154

Multiple Choice

Howard Company provided the following selected information about its consumer products division for the current year:  Desired ROI 12% Operating income $204,800 Residual income $64,800\begin{array}{lr}\text { Desired ROI } & 12\% \\\text { Operating income } & \$ 204,800 \\\text { Residual income } & \$ 64,800\end{array} Based on this information, the division's investment amount was:


A) $1,706,667.
B) $1,166,667.
C) $540,000.
D) $2,873,333.

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