Sunny Day Manufacturing Company has a current stock price of $22.35 per share, and is expected to pay a per-share dividend of $2.03 at the end of the year. The company's earnings and dividends growth rate are expected to grow at the constant rate of 9.40% into the foreseeable future. If Sunny Day expects to incur Plotation costs of 6,50% of the value of its newly-raised equity funds, then the notation-adjusted (net) cost of its new common stock (rounded to two decimal places) should be Alpha Moose Transporters co's addition to earnings for this year is expected to be $857,000. Its target capital structure consists of 40% debt, 5% preferred, and 55% equity. Determine Alpha Moone Transporter's retained earnings breakpoint: 51,869,818 $1,480,273 $1,558,182 $2,142,500