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Business, 05.07.2019 16:20 anthonybowie99

Chandler communications' cfo has provided the following information: the company's capital budget is expected to be $5,000,000. the company's target capital structure is 70 percent debt and 30 percent equity. the company's net income is $4,500,000. if the company follows a residual dividend policy, what portion of its net income should it pay out as dividends this year?

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