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The manager of the division of a corporation has come up with the following figures...

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Accounting

The manager of the division of a corporation has come up with the following figures for 2021: 15

Net income $196,000

Tax rate 30%

Return on investment 8%

Required cost of capital 14%

What is the total investment of the division?

$4,666,666

$2,000,000

$3,500,000

$2,450,000

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