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Last vear, Heodline News Corporation paid $600,000 in dividends and retained $150,000 of the earnings it generated. The company folows a constant payout ratio dividend

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Last vear, Heodline News Corporation paid $600,000 in dividends and retained $150,000 of the earnings it generated. The company folows a constant payout ratio dividend policy. If Headline generates $1.10 miltion in incorne this year, how much will be paid in dividends? Round your answer to the nearest dollar

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