=11.88% Week 10 The Giant Machinery has the current capital structure of 65% equity and 35% debt. Its net income in the current year is $250,000. The company is planning to launch a project that will requires an investment of $175,000 next year. Currently the share of Giant machinery is $25/share. Required: a) How much dividend Giant Machinery can pay its shareholders this year and what is dividend payout ratio of the company? Assume the Residual Dividend Payout Policy applies. Moving to the next question prevents changes to this answer. Question 1 When raw materials are purchased by a manufacturer, those costs will be recorded in the general ledger as: cost of goods sold. manufacturing costs. Inventory conversion costs Need! Works