How much is added to retained earnings

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Reference no: EM132048909

A firm has EBIT of $803,900.00. Assume that the firm will pay $289,690.00 in interest in the upcoming year. The firm has a corporate tax rate of 38.00%. The firm has 140,000.00 common shares outstanding. If the firm pays a 20% dividend, how much is added to retained earnings?

Reference no: EM132048909

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