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Larry Corporation's optimal capital sstructure is 60% common equity and 40% debt. The company's net income will be $1,500,000. The company needs to finance $2,000,000
Larry Corporation's optimal capital sstructure is 60% common equity and 40% debt. The company's net income will be $1,500,000. The company needs to finance $2,000,000 in new projects. If the company follows a residual dividend policy, what will be their dividend payout?
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