2. MMM Corp. has a target capital structure of 55% debt and 45% equity. The...
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2. MMM Corp. has a target capital structure of 55% debt and 45% equity. The company anticipates that its capital budget for the upcoming year will be $8,000,000 and its net income is reported at $8,500,000. If the company follows the residual dividend policy, what will its dividend payout be?
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