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Mad inc. has a capital structure consisting of 30 percent debt and 70 percent common equity financing. The company has $400 million in net income
Mad inc. has a capital structure consisting of 30 percent debt and 70 percent common equity financing. The company has $400 million in net income and plans to pay out 47.5 percent of their net income as dividends. What is the maximum amount of new financing that the company can raise without selling new common stock? A)$400million B)$300million C)$271million D)571million
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