Koreen Co. has sales of $350,000, costs of $175,000, depreciation expense of $25,000, interest expense of $17,000, and a tax rate of 34 percent.

a) Calculate its net income, net cash flow, NOPAT, and operating cash flow

b) If the firm pays out $21,000 in cash dividends, what is the addition to retained earnings?

c) If the firm has 20,000 shares of common stock outstanding, calculate the earnings per share and the dividends per share