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Chancellor Industries has retained earnings available of $ 1 . 2 5 million. The firm plans to make two investments that require financing of $
Chancellor Industries has retained earnings available of $ million. The firm plans to make two investments that require financing of $ and $ million, respectively. Chancellorluses a target capital structure with debt and equity. Apply the residual theory to determine what dividends, if any, can be paid out, and calculate the resulting dividend payout ratio.
A The dividend amount, if any, that can be paid out is $ Round to the nearest dollar.
B The resulting dividend payout ratio is Round to one decimal place.
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