33A firm expects to have net income of $5,000,000 during the next year. The companys target capital structure is 35% debt and 65% equity. The company's director of capital budgeting has determined that the optimal capital budget for the coming year is $6,000,000. If SL Computer follows a residual distribution policy (with all distributions in the form of dividends) to determine the coming years dividend, then what is the firms expected dividend payments? $1,100,000 $3,900,000 $5,000,000 $6,000,000 5 points

QUESTION 34 Using the data from Question 33, find the firms dividend payout ratio. 11% 22% 35% 65%