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Acadia Arcades reported the following income statement (in millions of dollars): Income Statement for December 31, 2020 Sales $900 Operating costs 510 EBIT $390 Interest

Acadia Arcades reported the following income statement (in millions of dollars):

Income Statement for December 31, 2020

Sales $900

Operating costs 510

EBIT $390

Interest 90

EBT $300

Taxes (40%) 120

Net income $180

13. If the firm has a Dividend Payout Ratio of 30% and 20 (million) shares outstanding, what is their DPS?

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