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You have the following information on the income statement this year: Unit sales: 1 , 0 0 0 Price / unit: 4 9 VC /

You have the following information on the income statement this year:
Unit sales: 1,000
Price/unit: 49
VC/unit: 25
FC/year: 10,000
Dep/year: 5,000
On the balance sheet last year, total asset is $20,000 and total equity is $5,000. The dividend payout ratio is 25%, the interest rate is 10%, and the tax rate is 35%. How much does the firm pay in dividends?

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