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Piccollo had after tax earnings of P5,000,000 in 2014. The company needs P5,000,000 for new investments and plans to finance 70% of those investments with

Piccollo had after tax earnings of P5,000,000 in 2014. The company needs P5,000,000 for new investments and plans to finance 70% of those investments with debt. If Picollo follows a residual dividend policy, what total dividend will be paid?

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