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Billy Bogs The Chief Financial officer of Central Communications Corporation, has identified $21 million worth of new capital projects that tye company should invest in

Billy Bogs The Chief Financial officer of Central Communications Corporation, has identified $21 million worth of new capital projects that tye company should invest in next year. The optimal Capital structure for the compnay is 70 percent debt and 30 percent equity. If the expected earnings for this year are $10 Million what amount of dividend (in total dollars) should be recommended according to residual theory?

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