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ons Question 33 of 60 Torrence Inc. has the following data. If it uses the residual dividend model, how much total dividends, if any, will

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ons Question 33 of 60 Torrence Inc. has the following data. If it uses the residual dividend model, how much total dividends, if any, will it pay out? . . $1,150,000 70% $565,000 . . Capital budget 96 Debt Net income (NI) 3. $395,500 b. 5345,000 c. $409,500 d. $220,000 e. $169,500

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