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  1. business
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  3. elks inc. expects to have a capital budget of $600

Elks Inc. expects to have a capital budget of $600,000 next year. The company wants...

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Accounting

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Elks Inc. expects to have a capital budget of $600,000 next year. The company wants to maintain a target capital structure with 29.4% debt and the remainder as equity. If the forecasted net income is $500,000 and the company follows the residual dividend policy, then how much will they have available to pay out in dividends? Input your answer rounded to 0 decimal places, and do NOT enter any symbols such as $, \% or comma

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