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The Top Hat Division of Blandon's Fine Menswear Had the Following

Question 62

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The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands) . The Top Hat Division of Blandon's Fine Menswear had the following results last year (in thousands) . Management's target rate of return is 9% and the weighted average cost of capital is 5%. What is the Top Hat Division's Residual Income (RI) ? A) $276,000 B) $230,000 C) $460,000 D) $510,000 Management's target rate of return is 9% and the weighted average cost of capital is 5%.
What is the Top Hat Division's Residual Income (RI) ?


A) $276,000
B) $230,000
C) $460,000
D) $510,000

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