Brooks corps projected capital budget is 2000000 its target, Financial Management

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Brooks corps projected capital budget is 2000000 its target

Brooks Corp.'s projected capital budget is $2,000,000, its target capital structure is 60% debt and 40% equity, and its forecasted net income is $600,000. If the company follows a residual dividend policy, what total dividends, if any, will it pay out?

a. $0

b. $240,000

c. $205,770

d. $216,600

e. $228,000

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Financial Management: Brooks corps projected capital budget is 2000000 its target

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Financial Management: Brooks corps projected capital budget is 2000000 its target

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