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  3. 2. mmm corp. has a target capital structure of 55%

2. MMM Corp. has a target capital structure of 55% debt and 45% equity. The...

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Finance

2. MMM Corp. has a target capital structure of 55% debt and 45% equity. The company anticipates that its capital budget for the upcoming year will be $8,000,000 and its net income is reported at $8,500,000. If the company follows the residual dividend policy, what will its dividend payout be?

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