How much can it allocate as investment funds

Reference no: EM133491769

Question: Helin Inc. currently has 800,000 shares outstanding and the management of the firm would like to keep a target debt-equity ratio of 0.6. The firm expects to have earnings of $3.00 per share in 2023 and keep their current residual dividend policy. Assuming that the firm issues no new equity, how much can it allocate as investment funds? (Do not use the $ sign in your answer. If your answer $123,456, enter 123456).

Reference no: EM133491769

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