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Broske Industries has a capital budget of $3,000,000, but it wants to maintain a target capital structure of 40% debt and 60% equity. The company

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Broske Industries has a capital budget of $3,000,000, but it wants to maintain a target capital structure of 40% debt and 60% equity. The company expects to pay a dividend of $900,000. If the company follows a residual dividend policy, what is its forecasted dividend payout ratio? 20.00% 25.00% 30.00% 33.33% 40.00%

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