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Title: Pate & Co. has a capital budget of $3,000,000. The company wants to maintain a target capital ... Post by: Noar on Aug 20, 2023 Pate & Co. has a capital budget of $3,000,000. The company wants to maintain a target capital structure that is 15% debt and 85% equity. The company forecasts that its net income this year will be $3,500,000. If the company follows a residual dividend policy, what will be its total dividend payment? ▸ $205,000 ▸ $500,000 ▸ $950,000 ▸ $2,550,000 Title: Re: Pate & Co. has a capital budget of $3,000,000. The company wants to maintain a target capital ... Post by: ladwer on Aug 20, 2023 Content hidden
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