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The FGH Company has an asset turnover of 3 times, using assets of $81000. The...

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Accounting

The FGH Company has an asset turnover of 3 times, using assets of $81000. The company also has a return on investment (ROI) of 14.5%. If the residual income was $3240, what was the company's cost of capital? (Ignore Tax)

Enter your answer as a decimal with four decimal places (EXAMPLE: 8.2% = .0820)

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