Perfect Products Provided the Following Selected Information About Its Consumer $\begin{array}{llr} \text {Desired ROI } &14\%\\ \text {Net income } &\$220,000\\ \text { Residual income } &\$15,000\end{array}$

question 32

Short Answer

Perfect Products provided the following selected information about its consumer products division for the current year:
$\begin{array}{llr} \text {Desired ROI } &14\%\\ \text {Net income } &\$220,000\\ \text { Residual income } &\$15,000\end{array}$
Required:Based on this information, calculate the company's investment amount. Round your answer to the nearest dollar.

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Definitions:

Brainstorming

A group creativity technique designed to generate a large number of ideas for the solution to a problem.

Idea Duplications

The process of creating replicas or copies of an original idea.

Evaluative Input

Feedback or information received that is assessed or judged, typically used for improvement or development purposes.

Graham Wallas

A social psychologist and educationalist who proposed one of the first models of the creative process in the early 20th century.