The company expects to pay a dividend of 450000nbsp if the

Reference no: EM13477107

McKiever Industries has a capital budget of $1,500,000, but it wants to maintain a target capital structure of 55% debt and 45% equity. The company expects to pay a dividend of $450,000. If the company follows a residual dividend policy, what is its forecasted dividend payout ratio?

Reference no: EM13477107

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