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Sunny Day Manufacturing Company Co.'s addition to earnings for this year is expected to be $857,000. Its target capital structure consists of 50% debt, 5%
Sunny Day Manufacturing Company Co.'s addition to earnings for this year is expected to be $857,000. Its target capital structure consists of 50% debt, 5% preferred, and 45% equity. Determine Sunny Day's retained earnings breakpoint: 0 $1,714,000 0 $1,999,666 0 $2,094,888 0 $1,904,444
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