Bravo Car Care has outstanding growth opportunities. Its sales last year were $3M (M = million). They
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Bravo Car Care has outstanding growth opportunities. Its sales last year were $3M (M = million). They expected an increase in sales of 17% for the coming year. Their net profit margin is 8%, and they plans to pay a $30,000 cash dividend next year. How much will this year's retain earnings provide for Bravo's expected future growth?
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