Florida Plastics Inc. has the following data. If it follows the residual dividend model, what is its forecasted dividend payout ratio? Capital budget $12,500 % Debt 40% Net income (NI) $11,500 25.36% b. 28.17% c. 31.30% d. 34.78% 38.26% a. e. a. The primary operating goal of a publicly-owned firm interested in serving its stockholders should be to Maximize its expected total corporate income. b. Maximize its expected EPS. Minimize the chances of losses. d. Maximize the stock price per share over the long run, which is the stocks intrinsic value. Maximize the stock price on a specific target date c. e. a. What is the Break Point if a firm has $520,000 in retained earnings and the capital structure consist of 45% debt, 20% preferred stock, and the rest equity? $1,155,556 b. $1,485,714 $800,000 d. $2,600,000 Cannot tell from the information provided. C. e. White Fashions Inc.'s December 31, 2011 balance sheet showed total common equity of $4,050,000 and 200,000 shares of stock outstanding. During 2011, the firm had $450,000 of net income, and it paid out $100,000 as dividends. What was the book value per share at 12/31/11, assuming no common stock was either issued or retired during 2011? $20.90 $22.00 $23.10 d. $24.26 e. $25.47 a. b. C. a. The Meyers corporation decides to expand its production and in order to do so it will need to issue new equity. The days before the actual announcement the stock price decreases on an unusual high number of large sell-orders. This would be an example of: Weak market efficiency. b. Semi-strong market efficiencia Strong market efficiency. d. Very strong market efficiency. None of the above, this is normal market behavior. C. e