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please help! The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital expenditure projects. The firm can earn a
please help!
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders could earn if the funds were paid out in the form of dividends.
The Hastings Corporation has million shares outstanding. The following questions are separate from each other.
a If the marginal principle of retained earnings is applied, how much in total cash dividends will be paid over the five years?
Note: Enter your answer in millions.
Total cash dividends
million
b If the firm simply uses a payout ratio of percent of net income, how much in total cash dividends will be paid?
Note: Enter your answer in millions and round your answer to decimal place.
Total cash dividends
million
c if the firm pays a percentof $ per share for each of the five years, how much in total dividend will be paid?
d assume the payout ratio in each year is to be percent of the net income and the firm will pay a percent stock dividend in years through how much will dividens per share for each year be assume the cash dividend is paid after the stock dividend.
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