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Ali Redha Co. needs $140,000,000 for new investment projects. The company has a target capital structure (D/E) of two-third (4/3). If Ali Redha Co. net

Ali Redha Co. needs $140,000,000 for new investment projects. The company has a target capital structure (D/E) of two-third (4/3). If Ali Redha Co. net income is $ 77,000,000,

What is the amount of dividend paid? (3 marks)
What is the dividend Pay-out ratio? (1 mark)

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