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SnoMountain Resorts Ltd.'s projected capital budget is $1,000,000, its target capital structure is 40% debt and 60% equity, and its forecasted net income is $500,000.

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SnoMountain Resorts Ltd.'s projected capital budget is $1,000,000, its target capital structure is 40% debt and 60% equity, and its forecasted net income is $500,000. If the company follows a residual dividend policy, what is the amount of dividends it can pay out, if any? $

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