NY Fashions Has the Following Data $$\begin{array} { l r } \text { Capital budget } & \$ 1,500,00 \\\% \text { Debt } & 65 \% \\\text { Net income (NI) } & \$ 550,000\end{array}$$

Multiple Choice

NY Fashions has the following data. If it follows the residual dividend model, how much total dividends, if any, will it pay out? $$\begin{array} { l r } \text { Capital budget } & \$ 1,500,00 \\\% \text { Debt } & 65 \% \\\text { Net income (NI) } & \$ 550,000\end{array}$$

A) $20,363
B) $21,434
C) $22,563
D) $23,750
E) $25,000