In 2008,Wishbone Corporation had an operating profit of $750,000 and a residual income of $300,000.If Wishbone's cost of capital is 15%,what is the amount of the invested capital?
A)$5,000,000
B)$3,000,000
C)$2,000,000
D)$1,250,000

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The Answer of In 2008,Wishbone Corporation had an operating profit of $750,000 and a residual income of $300,000.If Wishbone's cost of capital is 15%,what is the amount of the invested capital?
A)$5,000,000
B)$3,000,000
C)$2,000,000
D)$1,250,000

In 2008,Wishbone Corporation Had an Operating Profit of $750,000 and a Residual