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Not sure why I'm not getting this problem wrong. I must be missing a step. Would really appreciate any help. Thx! Omega Inc. expects its
Not sure why I'm not getting this problem wrong. I must be missing a step. Would really appreciate any help. Thx!
Omega Inc. expects its net income to be $525,000 this year. The firm's dividend payout ratio is 60 percent. The firm is financed with 30 percent debt, and it has no preferred stock outstanding. What is the retained earnings break point for Omega Inc.?
$315,000
$450,000
$210,000
$300,000
$700,000
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