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BelTex Incorporated has a capital budget of $1,105,000, it wants to maintain a target capital structure of 25% debt and 75% equity, and it also

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BelTex Incorporated has a capital budget of $1,105,000, it wants to maintain a target capital structure of 25% debt and 75% equity, and it also wants to pay a dividend of $520,000. Calculate Net income. [ 10 marks] What is the dlvidend payout ratio? [7.5 marks]

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