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Macrofrost, Corp. has current sales of $62,300, dividends paid of $2,400, net income of $7,500, interest expense of $1,860, and EBIT of $12,100. Assume the
Macrofrost, Corp. has current sales of $62,300, dividends paid of $2,400, net income of $7,500, interest expense of $1,860, and EBIT of $12,100. Assume the dividend payout ratio, debt-equity ratio, and profit margin remain the same. What is the projected change to retained earnings for the next year if sales are estimated to increase by $8,900 next year?
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