A firm has expected residual operating income of $20.1 million, the weighted average cost of capital (WACC) of 7%, and net operating assets (NOA) at the beginning of the period of $240 million. NOA is projected to grow to $252 million by the end of the year.
What is the projected return on net operating assets (RNOA) for the year?

Question

A firm has expected residual operating income of $20.1 million, the weighted average cost of capital (WACC) of 7%, and net operating assets (NOA) at the beginning of the period of $240 million. NOA is projected to grow to $252 million by the end of the year. 
What is the projected return on net operating assets (RNOA) for the year?

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The Answer of A firm has expected residual operating income of $20.1 million, the weighted average cost of capital (WACC) of 7%, and net operating assets (NOA) at the beginning of the period of $240 million. NOA is projected to grow to $252 million by the end of the year. 
What is the projected return on net operating assets (RNOA) for the year?

A Firm Has Expected Residual Operating Income of $20