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Big Kahuna Co maintains a plowback ratio of 45% Sales last year were 5400mm. Next year's sales are projected to increase by 20%. If the

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Big Kahuna Co maintains a plowback ratio of 45% Sales last year were 5400mm. Next year's sales are projected to increase by 20%. If the firm's net margin is 8%, what of the following is closest to the forcast change in retained earnings for next year? $18.5mm $15.22mm $17mm $19mm

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