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Suppose a company's net income is $ 7 , 6 0 0 , 0 0 0 and its dividend payout ratio is 4 0 %

Suppose a company's net income is $7,600,000 and its dividend payout ratio is 40%. How much earnings did the company retain?
$4,860,000
$4,560,000
$3,040,000
$3,090,000
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