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6. Chaplain Corporation follows a residual dividend policy. It has a debt-equity ratio of 3. a. If earnings for the year are $140,000, what is

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6. Chaplain Corporation follows a residual dividend policy. It has a debt-equity ratio of 3. a. If earnings for the year are $140,000, what is the maximum amount of capital spending possible with no new equity? b. If Chaplain plans to invest $770,000 in the coming year, will it pay a dividend? C. Does Chaplain maintain a constant dividend payout? Why or why not

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