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NY Fashions has the following data. If it follows the residual dividend model, how much total dividends, if any, will it pay out? Capital budget

NY Fashions has the following data. If it follows the residual dividend model, how much total dividends, if any, will it pay out?

Capital budget	$1,000,000
% Debt	65%
Net income (NI)	$625,000

a. $335,500

b. $275,000

c. $231,000

d. $258,500

e. $291,500

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