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A firm has projected sales of $328,000, costs of goods sold equal to 68% of sales, interest of $18,500, a tax rate of 21%, and
A firm has projected sales of $328,000, costs of goods sold equal to 68% of sales, interest of $18,500, a tax rate of 21%, and a dividend payout ratio of 40%. What will be the addition to retained earnings? 540,982 $27,321 $24.002 519.531
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