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Fuzzy Buttons addition to earnings for this year is expected to be $745,000. Its target capital structure consists of 50% debt, 5% preferred stock, and
Fuzzy Buttons addition to earnings for this year is expected to be $745,000. Its target capital structure consists of 50% debt, 5% preferred stock, and 45% common stock. Fuzzy Button Clothing Companys retained earnings break point is ______(rounded to the nearest whole dollar).
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