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Chicago Brewing hs the following data, dollars in thousands. If it follows the residual dividend model, what will its dvidend payout ratio be?
Capital budget $5,800
% Debt 40%
Net income (NI) $8,000
a. 56.50%
b. 68.93%
c. 55.37%
d. 46.90%
e. 44.07%
Financial Management, Finance
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