Multiple Choice
Rohter Galeano Inc.is considering how to set its dividend policy.It 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?
A) $205,000
B) $500,000
C) $950,000
D) $2,550,000
E) $3,050,000
Correct Answer:
Verified
Correct Answer:
Verified
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