Subject:FinancePrice:2.86 Bought11
ABC Inc. projects the following data for the coming year. If the firm follows the residual dividend model and also mainta dividend payout ratio be? $1,275,000 EBIT 40% Interest rate $2,500,000 Capital budget 10% % Debt $6,500,000 % Equity 5,000,000 Tax rate 60% Debt outstanding Shares outstanding 25% Select one: a. 52.9% b. 52.5% C. 39.5% d. 44.9% e. 38.1%
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