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Elife Corp. had afler-tax earnings of $1 800 000 in 2020. The cormpany noods $4 000 000 for now investments and plans to finanoe 60%

Elife Corp. had afler-tax earnings of $1 800 000 in 2020. The cormpany noods $4 000 000 for now investments and plans to finanoe 60% of those investments with debt If Elite corp. follows a residual theory of dividlends, what local dividend will be paid?

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