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hungry22 hungry22
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A year ago
Pavlin Corp.’s projected capital budget is $2,000,000, its target capital structure is 40% debt and 60% equity, and its forecasted net income is $1,000,000. If the company follows a residual dividend policy, how much will it pay in dividends or, alternatively, how much new stock must it issue?

 DividendsStock Issued
W.$514,425$162,901
X.$541,500$171,475
Y.$570,000$180,500
Z.$0$200,000


▸

Choice W



▸

Choice X



▸

Choice Y



▸

Choice Z

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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harrison5692harrison5692
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A year ago
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hungry22 Author
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A year ago
Helped a lot
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this is exactly what I needed
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This site is awesome
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