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This is a more difficult but Informative problem. James Brodrick & Sons, Incorporated, Is growing rapidly and, If at all possible, woulc IIke to finance

image text in transcribed This is a more difficult but Informative problem. James Brodrick \\& Sons, Incorporated, Is growing rapidly and, If at all possible, woulc IIke to finance Its growth without selling new equity. Selected information from the company's five-year financlal forecast follows. a. According to this forecast, what dividends will the company be able to distribute annually without ralsing new equity and while maintalning a balance of \\( \\$ 240 \\) million In marketable securltles? What will the annual dividend payout ratlo be? (Hint: Remember sources of cash must equal uses at all times.) Note: Round dlvidends to the nearest million dollars and the payout ratlo \\% to the nearest ones place

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