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1. A company with 5,000,000 shares outstanding reported EPS of $7.55 for the year just...

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Finance

1. A company with 5,000,000 shares outstanding reported EPS of $7.55 for the year just ended and has declared an annual dividend per share of $3.25. If the company uses a residual dividend policy and is planning to borrow $4,000,000 in new debt, how much is the company planning for total capital expenditures in the coming year? round final answer to 2 decimals

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