Felton Co. produces rubber bands for commercial and home use. Felton reported $8 million residual income (RI) with $25 million net book value (NBV) of assets and $13 million in operating income for the year. What was the required rate of return?
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Home » Business » Felton Co. produces rubber bands for commercial and home use. Felton reported $8 million residual income (RI) with $25 million net book value (NBV) of assets and $13 million in operating income for the year. What was the required rate of return?