Enter formulas in the blanks where indicated to compute the dividend payments in the years...
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Accounting
Enter formulas in the blanks where indicated to compute the dividend payments in the years 2022 - 2026. PROBLEM 16-18 Springfield Manufacturing Company Given: Net Income Investments ($000s) ($000s) Year 2022 2023 2024 2025 2026 $1,000 $1,100 $1,200 $1,300 $1,400 $800 $1,000 $2,000 $800 $1,000 Desired capital structure: 40% debt 60% equity Number of shares of common stock outstanding: 500,000 Number of shares of common stock you own: 500 Annual dividend payments per the residual dividend theory: (in $000s except per share amounts) Portion of investments Equity Amount left Number of financed from Financing for Shares Dividend Your Year Net Income Investments equity sources Needed dividends Outstanding per Share dividend 2022 2023 2024 2025 2026
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