DP Co. has a capital budget of $2,000,000. The company wants to maintain a target capital structure that is 35% debt and 65% equity

D&P Co. has a capital budget of $2,000,000. The company wants to maintain a target capital structure that is 35% debt and 65% equity. The company forecasts that its net income this year will be $1,800,000. If the company follows a residual dividend policy, what will be its total dividend payment?
A) $100,000
B) $200,000
C) $300,000
D) $400,000
E) $500,000

Download: Chapter 20 Module 8 Test

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