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Franck Eggelhoffer expects the sales for his clothing company to be $ 5 1 0 , 0 0 0 next year. Franck notes that net

Franck Eggelhoffer expects the sales for his clothing company to be $510,000 next year. Franck notes that net assets (Assets - Liabilities) will remain unchanged. His clothing firm will enjoy a 8 percent return on total sales. He will start the year with $110,000 in the bank.
What will Franck's ending cash balance be?
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