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  3. 4. the capital budget of $1,000,000 is expected ne

4. The capital budget of $1,000,000 is expected next year. The company wants to maintain...

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4. The capital budget of $1,000,000 is expected next year. The company wants to maintain a target capital structure with 40% debt and 60% equity, and its forecasted net income is $750,000. If the company follows the residual dividend model, how much in dividends will it pay? (5 points)

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