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11. The company wants to maintain a target capital structure of 50% debt and 50% equity, and also wants to pay a dividend of $500,000.
11. The company wants to maintain a target capital structure of 50% debt and 50% equity, and also wants to pay a dividend of $500,000. Under the residual dividend model, how much income must the company earn if the company has a capital budget of$900,000? (5 points) W
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