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The Corner Store has sales of $68,900, dividends of $1,960, and net income of $4,900. The firm is expecting sales to decrease by 3 percent next year while the profit margin remains constant. The firm wants to increase the dividend payout ratio by a fixed amount of 0.05. What is the projected retention ratio for next year? Please show your work in the blank below. The Internal Growth Rate Assumes that the dividend payout ratio is ROA X b Internal Growth Rate = 1 - ROA X b - ROA = NI/TA b = retention ratio = (1 - dividend payout ratio) Payout ratio = dividendset income