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On their latest income statement, Kami's Data Processing reported sales of $ 6 7 9 , 0 0 0 , costs of $ 3 9

On their latest income statement, Kami's Data Processing reported sales of $679,000, costs of $393,600, depreciation of $112,200, and dividends of $62,941. The company's ROE is 6.9 percent, and they face a 21 percent tax rate. Assuming the ratio of dividends to earnings in constant, estimate the growth rate of dividends.

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