D. Paul Inc. forecasts a capital budget of $775,000. The CFO wants to maintain a target capital structure of 45% debt and 55% equity, and she also wants to pay a dividend of $650,000. If the company follows the residual dividend model, how much income must it earn, and what will its dividend payout ratio be? Group of answer choices $1,076,250; 60.39% $1,087,013; 59.80% $871,763; 74.56% $861,000; 75.49% $1,097,775; 59.21%
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “D. Paul Inc. forecasts a capital budget of $775,000. The CFO wants to maintain a target capital structure of 45% debt and 55% equity, and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Home » Business » D. Paul Inc. forecasts a capital budget of $775,000. The CFO wants to maintain a target capital structure of 45% debt and 55% equity, and she also wants to pay a dividend of $650,000.