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Direct materials $ 8 4 , 0 0 0 Direct labor $ 4 2 , 5 0 0 Variable manufacturing overhead $ 2 1 ,
Direct materials $ Direct labor $ Variable manufacturing overhead $ Fixed manufacturing overhead Total manufacturing overhead $ Variable selling expense $ Fixed selling expense Total selling expense $ Variable administrative expense $ Fixed administrative expense Total administrative expense $ Arts and Crafts, Incorporated will pay a dividend of $ per share in year. It sells at $ a share, and firms in the same industry provide
an expected rate of return of What must be the expected growth rate of the company's dividends?
Note: Do not round intermediate calculations. Enter your answer as a whole percent.
Expected growth rate
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