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Shirley's Pastries expects sales of $ 2 5 3 , 0 0 0 next year. The profit margin is 7 % and the firm has

Shirley's Pastries expects sales of $253,000 next year. The profit margin is 7% and the firm has a 20 percent dividend payout ratio. What is the projected increase in retained earnings?
Question 26 options:
$3,542
$3,825
$8,409
$14,168
$14,876

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