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Peggy Grey's Cookies had net income of $6110. The firm paid out 30 percent of net income to its shareholders as dividends. During the year

Peggy Grey's Cookies had net income of $6110. The firm paid out 30 percent of net income to its shareholders as dividends. During the year the company repurchased $100 worth of common stock and did not issue any new shares of common stock. What is the cash flow to shareholders?

a. $2,933

b. $5,177

c. $1,933

d. $7,610

e. $8,610

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