David rose inc forecasts a capital budget of 500000 next


David Rose Inc. forecasts a capital budget of $500,000 next year with forecasted net income of $400,000. The company wants to maintain a target capital structure of 30% debt and 70% equity. If the company follows the residual dividend policy, how much in dividends, if any, will it pay?

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Financial Management: David rose inc forecasts a capital budget of 500000 next
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