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| Summary financial statements are given below for one division of a large divisionalised company. Summary Divisional Financial Statements for the year to 31 March  The cost of capital for the division is estimated at 12% each year. Annual rate of interest on the long term loans is 10%. All decisions concerning the division’s capital structure are taken by central management. The divisional residual income (Rl) for the year ended 31 March is: A $80,000 B $98,000 C $115,000 D $165,000 |