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1 4 ) Last year BMT Corporation earned $ 2 4 million, and paid $ 6 million in dividends. The company follows a constant payout

14) Last year BMT Corporation earned $24 million, and paid $6 million in dividends. The company follows a constant payout ratio dividend policy. If the company wants to pay $7.5 million in dividends next year, how much must BMT earn? Must be written out and not solved in excel

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