If net income next year is 18 million and perkin follows a


Perkin's Corporation is planning for $4.9 million in capital expenditures next year. Perkin's target capital structure consists of 65% debt and 35% equity. If net income next year is $1.8 million and Perkin follows a residual distribution policy with all distributions as dividends, what will be its dividend payout ratio? Round your answer to two decimal places.

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Finance Basics: If net income next year is 18 million and perkin follows a
Reference No:- TGS0612502

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