The Produce Division of Nature Green has invested capital of $940,000 and noninterest-bearing current liabilities totaling $20,000.If the minimum required return is 11 percent, cost of capital is 9 percent, and residual income is $12,000, how much is NOPAT?
A) $113,200
B) $115,400
C) $94,800
D) $96,600
Correct Answer:
Verified
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