Multiple Choice
Cody Corporation's Southern region operates as an investment center.The division's director is considering investing in machinery which costs of $100,000 and is expected to generate $32,000 in additional operating income.If the residual income for the equipment is $12,000, what is the division's required rate of return?
A) 12%
B) 20%
C) 32%
D) None of these answer choices are correct
Correct Answer:
Verified
Correct Answer:
Verified
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