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Swank Clothiers earned $1,040 million last year and had a 45 percent payout ratio. How much did the firm add to its retained earnings? Note:

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Swank Clothiers earned $1,040 million last year and had a 45 percent payout ratio. How much did the firm add to its retained earnings? Note: Do not round intermediate calculations. Input your answer in dollars, not millions (e.g., $1,234,000)

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