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MLowery
May 16, 2008, 06:21 AM
A.B. Strippers has a current and target capital structure of 30 percent debt and 70 percent equity. This past year ABC, which uses a residual theory dividend policy, had a dividend payout ratio of 47.5 percent and net income of $800,000. What was ABC’s capital budget?

morgaine300
May 17, 2008, 04:53 PM
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