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(5)Brammer Corp's projected capital budget is $1,000,000, its target capital structure is 60% debt and 40% equity, and its forecasted net income is $550,000. If
(5)Brammer Corp's projected capital budget is $1,000,000, its target capital
structure is 60% debt and 40% equity, and its forecasted net income is $550,000.
If the company follows a residual dividend policy, what total dividends, if any,
will it pay out? ($150,000)
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