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12 The company, PFE, currently finances with 25% debt. If PFE increases its debt ratio to, 40%, by how much could the dividend payout ratio

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12 The company, PFE, currently finances with 25% debt. If PFE increases its debt ratio to, 40%, by how much could the dividend payout ratio be increased, holding other things constant? (10 points) Capital budget $5,000,000 and Net income (NI) $7,000,000

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