Question: Please solve. Problem 17-3 Total Dividend Amount (LG17-2) Suppose a firm has a retention ratio of 42 percent and net income of $5.7 million. How

Please solve.

Please solve. Problem 17-3 Total Dividend Amount (LG17-2) Suppose a firm has

Problem 17-3 Total Dividend Amount (LG17-2) Suppose a firm has a retention ratio of 42 percent and net income of $5.7 million. How much does it pay out in dividends? (Enter your answer in dollars not in millions.) Dividend amount

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