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George Consulting, Inc. is currently operating at 90 percent of capacity. The profit margin and the dividend payout ratio are projected to remain constant. Sales

George Consulting, Inc. is currently operating at 90 percent of capacity. The profit margin and the dividend payout ratio are projected to remain constant. Sales are projected to increase by 8% next year. What is the projected addition to retained earnings for next year given the current retained earnings stand at $415.50 mn?

a. $149.58

b. $299.16

c. $448.74

d. $598.32

e. $650.24

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