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Northwood, Inc., has revenue of $456,345, and costs of $319,442, and pays taxes at a rate of 31 percent. If the firm pays out 46

Northwood, Inc., has revenue of $456,345, and costs of $319,442, and pays taxes at a rate of 31 percent. If the firm pays out 46 percent of its earnings as dividends every year, how much earnings are retained and what is the firm's retention ratio?(Round answers to 0 decimal places, e.g. 15 or 15%.)

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