A firm had net income of 1000000 and a payout ratio of 30


A firm had Net Income of $1,000,000 and a payout ratio of 30%. If they are 60% equity financed, how much can they spend on capital expenditures before needing external equity?

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Financial Management: A firm had net income of 1000000 and a payout ratio of 30
Reference No:- TGS01726039

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