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Evil Corporation has net income of $10 million in 2019 and $15 million in 2020. They follow a stable dividend policy with a target dividend

Evil Corporation has net income of $10 million in 2019 and $15 million in 2020. They follow a stable dividend policy with a target dividend payout of 25% and an adjustment factor of 0.3. How much should the company increase their dividends in 2020?

		$60,000
		$375,000
		$5 million
		$1.25 million

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