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A firm has $60 million in net income and a target capital structure of 40% equity and 60% debt. The estimated capital budget of the

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A firm has $60 million in net income and a target capital structure of 40% equity and 60% debt. The estimated capital budget of the firm is $40 million. According to the residual distribution model, what should be the firm's distribution ratio? O 60.00% O 73.33% O 110.00% 26.67%

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