What is its forecasted dividend payout ratio

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Portland Plastics Inc. has the following data. If it follows the residual dividend policy, what is its forecasted dividend payout ratio?

Capital Budget- $12,500

% Debt- 40%

Net Income- $11,500

a.25.36%

b.28.17%

c.31.30%

d.34.78%

e.38.26%

Reference no: EM13945150

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