What will its dividend payout be

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Question - X Corp. has a target capital structure of 45% debt and 55% equity. The company anticipates that its capital budget for the upcoming year will be $4,000,000 and its net income is reported at $2,800,000. If the company follows the residual dividend policy, what will its dividend payout be (Residual Dividend Model)?

Reference no: EM132954365

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