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13. Lands' End has the following data. If it follows the residual dividend model, how much total dividends, if any, will it pay out? Capital

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13. Lands' End has the following data. If it follows the residual dividend model, how much total dividends, if any, will it pay out? Capital budget $1,000,000 % Debt 60% Net income (NI) $610,000 a. $245,700 b. $176,400 c. $210,000 d. $239,400 e. $233,100

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