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Helin Inc. currently has600,000shares outstanding and the management of the firm would like to keep a target debt-equity ratio of2/3. The firm expects to have
Helin Inc. currently has600,000shares outstanding and the management of the firm would like to keep a target debt-equity ratio of2/3. The firm expects to have an earnings of $2.50 per sharein 2020and keep their current residual dividend policy. Assuming that the firm issues no new equity, how much can it allocate as investment funds? (Do not use the $ sign in your answer. If your answer $123,456, enter 123456).
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