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(round 4 decimal places) Consider the following income statement for the Heir Jordan Corporation Income Statement $49251 Sales Costs Taxable Income Taxes (35%) Net Income

image text in transcribed(round 4 decimal places)

Consider the following income statement for the Heir Jordan Corporation Income Statement $49251 Sales Costs Taxable Income Taxes (35%) Net Income $36378 Dividends $1453 The projected sales growth rate is 12 percent. What is the projected addition to retained earnings (in $12 Assume costs vary with sales and the dividend payout ratio is constant

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