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Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $38602 Costs $22157 Balance Sheet Assets $51435 Debt

Consider the following simplified financial statements for the Fire Corporation (assuming no income taxes): Income Statement Sales $38602 Costs $22157 Balance Sheet Assets $51435 Debt $33106 Equity ? The company has predicted a sales increase of 12 percent. It has predicted that every item on the balance sheet will increase by 12 percent as well. How much dividends should be paid to reconcile the pro forma balance sheet?

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