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A company's projected capital budget is $900,000, its target capital structure is 50% debt and 50%...

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Finance

A company's projected capital budget is $900,000, its targetcapital structure is 50% debt and 50% equity, and its forecastednet income is $700,000. If the company follows a residual dividendpolicy, what total dividends, if any, will it payout and what isthe payout ratio?

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