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The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 20%. Interest expense will remain constant; the

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The most recent financial statements for Hopington Tours Inc. follow. Sales for 2018 are projected to grow by 20%. Interest expense will remain constant; the tax rate and the dividend payout rate will also remain constant Costs, other expenses, current assets, and accounts payable increase spontaneously with sales. The firm is operating at full capacity and no new debt or equity is issued. HOPINGTON TOURS INC. 2017 Statement of Comprehensive Income Sales Costs Other expenses Earnings before interest and taxes Interest paid Taxable income Taxes (3x) Net incone Dividends $30,000 Addition to retained earnings 57,500 $751,000 586,000 22,000 $143, eee 18,000 $125,000 37,500 $ 87,500 5 Assets Current assets Cash Accounts receivable Inventory HOPINGTON TOURS INC Statement of Financial Position as of December 31, 2017 Liabilities and Owners' Equity Current liabilities $ 26,100 Accounts payable 41,500 Notes payable 87,700 Total $ 68,800 17,800 $ 86,600 The 2017 statement of financial position of Roger's Tennis Shop Inc. showed $540,000 in the common stock account and $3.4 millon in the additional retained earnings account. The 2018 statement of financial position showed $580,000 and $3.8 million in the same two accounts, respectively. If the company paid out $500,000 in cash dividends during 2018, what was the cash flow to shareholders for the year? (Enter your answer in thousands of dollars. Omit $ sign in your response.) Cash flow to shareholders

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