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Question 2 Petersen Company has a capital budget of 51.4 million. The company wants to maintain a target capital structure that is 70debt and 30

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Question 2 Petersen Company has a capital budget of 51.4 million. The company wants to maintain a target capital structure that is 70debt and 30 equity. The company forecasts that its net income this year will be 5800.000. If the company follows a residual distribution model and pays all distributions as dividends, what will be its payout ratio in percent

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