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Falcon's projected 2022 sales are $678 and its 2021 year end retained earnings were $1,385. If Falcon projects a 7 percent return on sale (ROS)

Falcon's projected 2022 sales are $678 and its 2021 year end retained earnings were $1,385. If Falcon projects a 7 percent return on sale (ROS) and expects to pay $12 in dividends in 20X5, forecast 20X5 year-end retained earnings.

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