Pharoah Inc. management expects net sales to be $$910,000,$ total costs to be $$680,000,$ and to pay taxes at an average rate of $24$ percent this year. If the Pharoah pays out $37$ percent of its earnings as dividends, what is its retention ratio? $($Round answers to $0$ decimal places e$.$g$.1,575.)$

Retention ratio $\%$

How much will Pharoah's retained earnings increase?

Retained earnings $