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HiLo Enterprises maintains a debt - equity ratio of 2 / 3 and follows a strict residual dividend policy. The firm needs $ 5 0

HiLo Enterprises maintains a debt

-

equity ratio of

2 / 3

and follows a strict residual dividend

policy. The firm needs $

50, 000

for new investments next year. The after

-

tax earnings this year

are $

32, 000 .

What is the amount of dividend that HiLo will pay out this year?

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