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The capital budget of Creative Ventures Inc. is $ 112149. The company wants to maintain a target capital structure that is 34 (%) debt and
The capital budget of Creative Ventures Inc. is $ 112149. The company wants to maintain a target
capital structure that is 34 (%) debt and 54 (%) equity, and the rest will be preferred stock. The company forecasts that its net income this year will be $332965. If the company follows a residual dividend policy, what will be its total dividend payment?
(In my screen the answer is 505,425.65 - That is the format)
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