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:
A) ($31,500)
B) $0
C) $94,500
D) $124,600
Correct Answer:
Verified
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