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Question 32 (1.5 points) For the next three (3) years, the chief financial officer of a company has established the forecasts indicated in the table

Question 32 (1.5 points)

For the next three (3) years, the chief financial officer of a company has established the forecasts indicated in the table below concerning the investment budget and the annual profits of his company. 45% of the company's capital structure is debt and the rest is equity. There are currently 215,000 shares outstanding.

Year

Budget investments

Benefits

XX + 1

$ 270,000

$ 280,000

XX + 2

$ 400,000

$ 260,000

XX + 3

$ 350,000

$ 300,000

If the company applies a residual dividend policy annually, what will be the total amount paid in dividends in year XX + 3?

Options for question 32:

$ 150,000

$ 0.50

$ 142,500

$ 0.66

$ 107,500

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