What is the total amount jaguar


Problem:

Jaguar, Inc. maintains a debt-equity ratio of .60 and follows a residual dividend policy. The company has after-tax earnings of $3,100 for the year and needs $3,000 for new investments.

Requirement:

Question: What is the total amount Jaguar will pay out in dividends for this year?

Note: Provide support for your rationale.

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