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7. Chocolate Co. expects to earn $3,500 during the current year and its dividend payout ratio is 65%. The target capital structure calls for 55%
7. Chocolate Co. expects to earn $3,500 during the current year and its dividend payout ratio is 65%. The target capital structure calls for 55% equity financing. Chocolate Co. wants to stay away from new common stock issue. Compute the maximum capital budget this company can have next year
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