Portland plastics inc has the following data if it follows
Portland Plastics Inc. has the following data. If it follows the residual dividend policy, what is its forecasted dividend payout ratio?
Capital Budget- $12,500
% Debt- 40%
Net Income- $11,500
a.25.36%
b.28.17%
c.31.30%
d.34.78%
e.38.26%
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