FY21 Balance Sheet \begin{tabular}{lr} \multicolumn{1}{l}{ FY21 Income Statement } & \\ \hline Sales & FY21 \\ Cost of Goods Sold & $23,004,010 \\ Other Expenses & $18,173,168 \\ Depreciation & $2,530,441 \\ Taxable Income & $920,160 \\ \hline Taxes (21\%) & $1,380,241 \\ \cline { 2 - 3 } Net income & $289,851 \\ \hline Dividends & $1,090,390 \\ \hline Add to Retained Earnings & $500,000 \\ \cline { 2 } & $590,390 \end{tabular} What is Next Day Hardware's rethostion ratio (a.k.a. plowback ratio)? Round to 3 decimals. Enter a response then click Submit below YoY growth rate of 12 percent Plant currently operating at capacity Growth will require a new machine costing $3 million Assume additional $300,000 of annual depreciation for this new machine (10\%/year)