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Wayne Enterprises Inc. has a target debt/equity ratio of 0.1765. Its capital budget (for new projects) for next year is estimated at $110 million. Estimated

Wayne Enterprises Inc. has a target debt/equity ratio of 0.1765. Its capital budget (for new projects) for next year is estimated at $110 million. Estimated net income is $100 million. Wayne Enterprises has 100 million shares outstanding. Find Wayne Enterprises dividends using the residual dividend approach.

$0.035

$0.045

$0.055

$0.065

$0.075

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