Puckett products is planning for 45 million in capital, Ask an Expert

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Puckett Products is planning for $4.5 million in capital expenditures next year. Puckett's target capital structure consists of 45% debt and 55% equity. If net income next year is $2.7 million and Puckett follows a residual distribution policy with all distributions as dividends, what will be its dividend payout ratio? Round your answer to two decimal places.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91727272

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