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Task 3 The firm has a target capital structure that consists of 70% debt and 30% equity. The firm anticipates that its capital budget for

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Task 3 The firm has a target capital structure that consists of 70% debt and 30% equity. The firm anticipates that its capital budget for the upcoming year will be 3,000,000. If the firm reports net income of 2,000,000 and it follows a residual divident policy, what will be its dividend payout ratio

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