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Portland Plastics Inc. has the following data. If it follows the residual dividend model, what is its forecasted dividend payout ratio? Capital budget $14,000 %
Portland Plastics Inc. has the following data. If it follows the residual dividend model, what is its forecasted dividend payout ratio? Capital budget $14,000 % Debt 40% Net income (NI) $15,550 a. 63.99% b. 54.02% c. 36.01% d. 40.00% e. 45.98%
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