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Question 6 (3 points) A company has a capital budget of $1,000,000, but it wants to maintain a target capital structure of 58% debt and

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Question 6 (3 points) A company has a capital budget of $1,000,000, but it wants to maintain a target capital structure of 58% debt and 42% equity. The company forecasts this year's net income to be $600,000. If the company follows a residual dividend policy, what will be its dividend paid? a) $200,000 b) $160,000 Oc) $180,000 d) $140,000

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