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The Cookie Shoppe expects sales of $2,800 next year. The profit margin is 5 percent and the firm has a 40 percent dividend payout ratio.

The Cookie Shoppe expects sales of $2,800 next year. The profit margin is 5 percent and the firm has a 40 percent dividend payout ratio. What is the projected increase in retained earnings?

$84.00

$56.00

$35.00

$140.00

$105.00

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