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Indus Company expects with some degree of certainty to generate the following net income and to have the following capital expenditures during the next five
Indus Company expects with some degree of certainty to generate the following net income and to have the following capital expenditures during the next five years (in thousands of dollars): net Income 3000 1000 2000 1800 1500 Capital(penditures) 1500 1000 1500 2000 2500 The company currently has $5000 shares of common stock outstanding and pays annual dividends of $1 per share. Determine dividends per share and external financing required in each year if dividend policy is treated as a passive policy decision
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