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The Cookie Shoppe expects sales of $437,500 next year. The profit margin is 4.1 percent and the firm has a 20 percent dividend payout ratio.

The Cookie Shoppe expects sales of $437,500 next year. The profit margin is 4.1 percent and the firm has a 20 percent dividend payout ratio. The firm has 7,500 shares of stock outstanding. The market price per share is $20.What is the projected increase in retained earnings? What is the price-earnings ratio?

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