Question 28 (1 point) ABC Co maintains a debt-equity ratio of 0.60 and follows a residual dividend policy. The firm needs $1,300 for new investments next year. The after-tax earnings this year are $1,600. What is the amount that ABC Co will pay out in dividends for the year? $1,120.00 $1,412.50 $1,080.00 $787.50 $600.00