Lumsden Inc. has a $1,200,000 investment opportunity with the following characteristics: The company's minimum required rate of return is 7%. The residual income for this year's investment opportunity is closest to:

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Lumsden Inc. has a $1,200,000 investment opportunity with the following characteristics:  The company's minimum required rate of return is 7%. The residual income for this year's investment opportunity is closest to:

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The Answer of Lumsden Inc. has a $1,200,000 investment opportunity with the following characteristics:  The company's minimum required rate of return is 7%. The residual income for this year's investment opportunity is closest to: