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Sally's Flower Shop reported sales of $ 6 7 0 , 0 0 0 , costs of $ 3 9 0 , 0 0 0

Sally's Flower Shop reported sales of $670,000, costs of $390,000, depreciation of $110,400, and dividends of $73,691. The company's ROE is 5.1 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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