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Last year the Bulls Business Bureau (BBB) retained $400,000 of the $1 million it generated. This year BBB generated net income equal to $1.2 million....

Last year the Bulls Business Bureau (BBB) retained $400,000 of the $1 million it generated. This year BBB generated net income equal to $1.2 million. If BBB follows the constant payout ratio dividend policy, how much should be paid in dividends this year?
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