If axel reports net income of 2400000 and it follows a, Financial Management

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If axel reports net income of 2400000 and it follows a

Axel Telecommunications has a target capital structure that consists of 35% debt and 65% equity. The company anticipates that its capital budget for the upcoming year will be $2,000,000. If Axel reports net income of $2,400,000 and it follows a residual dividend payout policy, what will be its dividend payout ratio?

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