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The Capital Budget Of $2,000,000 Is Expected Next Year. The Company Wants to Maintain A Target Capital Structure With 40% Debt And 60% Equity, And

The Capital Budget Of $2,000,000 Is Expected Next Year. The Company Wants to Maintain A Target Capital Structure With 40% Debt And 60% Equity, And Its Forecasted Net Income Is $750,000. If The Company Follows the Residual Dividend Model, How Much in Dividends Will It Pay? (5 Points)

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