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  3. 10. a company with 7,000,000 shares outstanding re

10. A company with 7,000,000 shares outstanding reported EPS of $7.65 for the year just...

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Finance

10. A company with 7,000,000 shares outstanding reported EPS of $7.65 for the year just ended and has declared an annual dividend per share of $3.35. If the company uses a residual dividend policy and is planning to borrow $5,000,000 in new debt, how much is the company planning for total capital expenditures in the coming year?

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