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MasterPriapis MasterPriapis
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A year ago
Ting Technology has a capital budget of $850,000, it wants to maintain a target capital structure of 35% debt and 65% equity, and it also wants to pay a dividend of $400,000. If the company follows a residual dividend policy, how much net income must it earn to meet its capital budgeting requirements and pay the dividend, all while keeping its capital structure in balance?


▸

$904,875



▸

$952,500



▸

$1,000,125



▸

$1,050,131

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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Zigdog4400Zigdog4400
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A year ago
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MasterPriapis Author
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A year ago
You make an excellent tutor!
big_larry_samp
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Yesterday
Good timing, thanks!
kaytee23
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2 hours ago
Thanks for your help!!
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