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A company uses a residual dividend policy and has declared an annual dividend per share of $1.60. For the year just ended, earning per share

A company uses a residual dividend policy and has declared an annual dividend per share of $1.60. For the year just ended, earning per share we $5.50. the company has 7,000 share outstanding, $22,000 of new borrowing is planned for the coming year. What are planned investment outlays for the coming year

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