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Pauls Company is forecasting the following results for 2022: Pre-tax Income of $6000 and a Dividend Payout Ratio of 40% of Net Income. Paul's tax

Pauls Company is forecasting the following results for 2022: Pre-tax Income of $6000 and a Dividend Payout Ratio of 40% of Net Income. Paul's tax rate is 25%. What do you expect the Stockholder Equity balance to be if the prior year balance was $23700?

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