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Develop an expectation for a substantive analytic based upon the following facts: Payroll last year was $250,000 In the current year all prior year employees received a 4% raise, effective on the first day of the year The company added two employees with a combined annual salary of $48,000 at the very beginning of the last quarter of the year. What is the expected payroll expense for the year? (format as a whole number- no decimals and no commas) Numeric Response