The most recent financial statements for Fleury Inc., follow. Sales for 2015 are projected to grow by 25 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 2014 Income Statement Sales Costs Other expenses $761,000 596,000 17,000 Earnings before interest and taxes Interest paid $148,000 18,000 Taxable income Taxes (20%) $130,000 26,000 Net income $104,000 Dividends Addition to retained earnings $20,800 83,200