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ABC Labs, Inc. expects sales to be $250,000 next year. Suppose ABC's profit margin is projected to be 11.0% and the dividend payout ratio is

ABC Labs, Inc. expects sales to be $250,000 next year. Suppose ABC's profit margin is projected to be 11.0% and the dividend payout ratio is 40%. What is the projected change in retained earnings?

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$16,500

$27,500

$10,000

$100,000

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