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A company uses a residual dividend policy and has declared an annual dividend per share of $1.80. For the year just ended, earnings per share

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A company uses a residual dividend policy and has declared an annual dividend per share of $1.80. For the year just ended, earnings per share were 55.40. The company has 5.000 shares outstanding and $22,000 of new borrowing is planned for the coming year. What are planned investment outlays for the coming year? Enter your answer in the box shown below with 2 digits to the right of the decimal point. Your

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