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The corporation's net income for the year is $1.7 million. The dividend payout ratio is 20%. The risk-free rate is 5%. How much did the

The corporation's net income for the year is $1.7 million. The dividend payout ratio is 20%. The risk-free rate is 5%.

How much did the company reinvest?

choose one

$1,440,000

$340,000

$1,360,000

$425,000

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