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Silvana Inc. projects the following data for the coming year. If the firm follows the residual dividend policy and also maintains its target capital structure,

Silvana Inc. projects the following data for the coming year. If the firm follows the residual dividend policy and also maintains its target capital structure, what will its dividend per share be?

EBIT $2334019

Capital budget $314182

Interest rate 8%

Debt 38%

Debt outstanding $424640

Equity 57%

Shares outstanding 1000000

Tax rate 40%

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