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4. Ramo Company follows a residual dividend approach. It predicts that net earnings in the coming year will be $40 million. There are 1 million
4. Ramo Company follows a residual dividend approach. It predicts that net earnings in the coming year will be $40 million. There are 1 million shares outstanding. Ramo has planned capital expenditures of $74 million, it plans to pay a $3.00 per share dividend, and it plans to issue no new shares of stock. What must be Ramo's target capital structure
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