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Pankey Inc. has a $700,000 investment opportunity that would involve sales of $1,050,000, a contribution margin ratio of 40% of sales, and fixed expenses of $325,500. The company's minimum required rate of return is 18%. The residual income for this year's investment opportunity is closest to: Select one: A. $126,000 B. $94,500 C. $0 D. ($31,500)
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Pankey Inc. has a $700,000 investment opportunity that would involve sales of $1,050,000, a contribu...
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