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Assume currently Net income of AJX Group is $20,000, Dividend paid $4000, Retained earning amount in current balance sheet is $16,000. Firm follows constant dividend

Assume currently Net income of AJX Group is $20,000, Dividend paid $4000, Retained earning amount in current balance sheet is $16,000. Firm follows constant dividend ratio. Next year Net Income would be 1.5 times higher than current net income. Calculate expected Dividend amount and expected total Retained earning amount in the balance sheet.

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