Shamrock Capital earned $28.5 million in 2011. The company has decided to invest in two...
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Shamrock Capital earned $28.5 million in 2011. The company has decided to invest in two positive NPV projects that require a total investment of $22 million. Given a debt-to-equity ratio of 1.5, the companys dividend payout ratio under a residual dividend policy is closest to:
53.68%
69.12%
60.00%
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