17-11B. (Re)'idual dividend theory) Maness, Inc., finances new acquisitions with 3S percent in equity and the rest
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17-11B. (Re)'idual dividend theory) Maness, Inc., finances new acquisitions with 3S percent in equity and the rest in debt. The firm needs $1.5 million for a new acquisition. If retained earnings available for reinvestment are $525,000, how much money will be available for dividendaccording to the residual dividend theory?
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Related Book For 
Financial Management Principles And Applications
ISBN: 9780131450653
10th Edition
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
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