Planning for total capital expenditures

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A company that uses a residual dividend policy has 8,000,000 shares outstanding. The company has declared an annual dividend of $5.90 per share while earnings per share were $13.25 for the period just ended. What amount is the company planning for total capital expenditures if it plans to borrow $4,000,000 in new debt?

Reference no: EM133067884

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