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For next year, Kontoor Brands (KTB) has estimated a capital budget of $3 million, which will be financed using a capital structure of 35% debt
For next year, Kontoor Brands (KTB) has estimated a capital budget of $3 million, which will be financed using a capital structure of 35% debt and 65% equity. The expected net income is $2.5 million. If KTB follows a residual dividend policy, then what is the expected dividend next year?
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$200,000
$400,000
$550,000
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