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A company currently has sales of $893,230, a tax rate of 35%, a dividend payout ratio of 43%, and expenses excluding taxes of $759,120. What

A company currently has sales of $893,230, a tax rate of 35%, a dividend payout ratio of 43%, and expenses excluding taxes of $759,120. What is the anticipated increase to retained earnings if sales are expected to increase by 9.25%, and expenses excl. taxes are proportional to sales?

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