How much is added to retained earnings

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Reference no: EM132044833

A firm has EBIT of $997,100.00. Assume that the firm will pay $207,940.00 in interest in the upcoming year. The firm has a corporate tax rate of 40.00%. The firm has 102,000.00 common shares outstanding. If the firm pays a 20% dividend, how much is added to retained earnings? Round to: 2 decimal places.

Reference no: EM132044833

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