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Question 2 (5 points) Idaho Widget Producers (IWP) follows the constant payout ratio dividend policy by paying out 70 percent of earnings each year. This
Question 2 (5 points) Idaho Widget Producers (IWP) follows the constant payout ratio dividend policy by paying out 70 percent of earnings each year. This year IWP expects the dividend payment to be 5 percent higher than last year's payment, which was $280,000. What is the amount of net income that IWP expects to generate this year? $420,000 $294,000 $980,000 $686,000
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