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Suppose that Microsoft Corporation uses the residual dividend model to set its annual dividend. Selected financial information for Microsoft is provided in the table below

Suppose that Microsoft Corporation uses the residual dividend model to set its annual dividend. Selected financial information for Microsoft is provided in the table below for the current year.

Selected Financial Information

Microsoft Corp

Net income	$61 billion
Debt-to-Equity Ratio	130%
Total investment	$96 billion

What is the total amount of dividend in $ billion?

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