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The earnings for Manning Company is expected to be $420,000

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The earnings for Manning Company is expected to be $420,000 million. The target capital structure consists of 40% debt, 5% preferred & 55% equity. What is the retained earnings breakpoint?;$687,272;$840,000;$725,454;$763,636

 

Paper#34343 | Written in 18-Jul-2015

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