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Walter Indestries is a family oroed coocern. It has been ating the residual dividend model, but fomily mernhers who hold a majority of the stock
Walter Indestries is a family oroed coocern. It has been ating the residual dividend model, but fomily mernhers who hold a majority of the stock want more eash dividends, even if that means a sloner futire growth rate. Nrither the set iecome nne the capial atructure will thange during the comieg year as a resalt of a dividend policy change to the indicated target pavout ratio. By how much woeld the capital buiget have to be cut to enatble the firm to ackiene the new target dividend pegout natio? Do not round intrrmediate calculations. 52.336%4 - 12,000000 8. 14sin000 - 12,570000
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