A firm that uses a residual dividend policy has a debt to equity ratio of 60%. Assume that the change in current assets, the change in current liabilities, and depreciation are zero. Suppose that in the next period, the firm expects to invest $580 in net long-term assets and to have earnings of $440 Find the dividends that the firm expects to pay next period A firm is created by issuing 420 shares of stock at a price of $7 per share. The firm chose a par value of St per share. Find the retained earnings of the firm at the time it was created