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A company follows a strict residual dividend policy. Its target debt-equity ratio is 1.70. If earnings for the year are $160,000, what is the maximum

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A company follows a strict residual dividend policy. Its target debt-equity ratio is 1.70. If earnings for the year are $160,000, what is the maximum amount of capital spending possible with no new external equity? Enter your answer in the box shown below with 2 digits to the right of the decimal point Your

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