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Vandelay expects net income for the year to be approximately $525,000 and they anticipate paying out 35% of those earnings in dividends. Vandelay's capital structure

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Vandelay expects net income for the year to be approximately $525,000 and they anticipate paying out 35% of those earnings in dividends. Vandelay's capital structure consists of 60% common equity and 40% debt. What is Vandelay's breakpoint in retained earnings? $875,000 $306,250 None of these choices $341,250 O $568,750

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