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The capital budget forecast for the Santano Company is $725,000. The CFO wants to maintain a target eapital structure of 45 tebt and 55 equiry,
The capital budget forecast for the Santano Company is $725,000. The CFO wants to maintain a target eapital structure of 45 tebt and 55 equiry, and it also wants to pay dividends of $500,000. If the company follows the residual dividend policy, bow much income mut is eam, and what will its dividend payout ratio be? Net Income Pawout a.5. 898.75055.63% b. 5943,68858,4196 c. 5990,87261.348 d. $1,092.43667.62% e. $1,040,41564.40N
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