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Dacker Products is a division of a major corporation. The following data are for the...

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Accounting

Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:

Sales$ 37,880,000Net operating income$ 3,508,960Average operating assets$ 9,400,000The company's minimum required rate of return14%

The division's residual income is closest to:

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