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  3. a project has an expected profit of 40,000, with a

A project has an expected profit of 40,000, with a 450,000 investment. The Residual Income...

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Accounting

A project has an expected profit of 40,000, with a 450,000 investment. The Residual Income (RI) is equal to 6,250. What is the cost of capital percentage (on this project)?

  1. 15.63%

  2. 8.89%

  3. 10.28%

  4. 7.50%

Answer & Explanation Solved by verified expert
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