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The most recent financial statements for Fleury Inc., follow. Sales for next year are projected to grow by 17 percent. Interest expense will remain constant;

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The most recent financial statements for Fleury Inc., follow. Sales for next year are projected to grow by 17 percent. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant. Costs, other expenses, current assets, fixed assets and accounts payable increase spontaneously with sales FLEURY, INC Income Statement Sales Costs Other expenses $ 552850 501159 11198 Earnings before interest and taxes Interest paid Taxable income Taxes (30%) 10974 Net income Dividends $5979

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