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7. Crum International's target capital structure calls for 80% debt and 20% equity. The company expects to have $3 million of net income this year,
7. Crum International's target capital structure calls for 80% debt and 20% equity. The company expects to have $3 million of net income this year, and 60% of the net income will be paid out in dividends. How large can the lm's capital budget be this year before it will have to issue new common stock? $6.3 million $5.5 million $6.0 million $6.8 million $7.1 million 5.555.\
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