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2 4 . Song Instrumentation currently has annual sales of $ 3 8 7 , 0 0 0 and is operating at 8 8 percent
Song Instrumentation currently has annual sales of $ and is operating at percent of capacity. The net profit margin of percent and the dividend payout ratio of percent are projected to remain constant. What is the projected addition to retained earnings for next year based on a sales growth rate of percent?
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