Shrewsbury Inc. reported the following results from last year's operations: At the beginning of this year, the company has a $800,000 investment opportunity with the following characteristics:
The company's minimum required rate of return is 14%.
Last year's residual income was closest to:
A) $504,000
B) ($56,000)
C) $544,000
D) ($475,200)

Question

Shrewsbury Inc. reported the following results from last year's operations:  At the beginning of this year, the company has a $800,000 investment opportunity with the following characteristics:
 The company's minimum required rate of return is 14%.
Last year's residual income was closest to:
A) $504,000 
B) ($56,000) 
C) $544,000 
D) ($475,200)

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