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Brammer Corp.'s projected capital budget is $1,000,000, its target capital structure is 60% debt and 40% equity, and its forecasted net income is $550,000. If the company follows a residual dividend policy, what total dividends, if any, will it pay out?

A) $122,176

B) $128,606

C) $135,375

D) $142,500

E) $150,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9445448

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