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The capital budget of Creative Ventures Inc. is $ 138156. The company wants to maintain a target capital structure that is 31 (%) debt and
The capital budget of Creative Ventures Inc. is $ 138156. The company wants to maintain a target capital structure that is 31 (%) debt and 58 (%) equity, and the rest will be preferred stock. The company forecasts that its net income this year will be $328645. 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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