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SteveS, MBA
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Dubai Corporation plans a $8 million expansion. The firm wants

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ABC Corporation plans a $8 million expansion. The firm wants to maintain a 25 percent debt-to-total-assets ratio in its capital structure. It also wants to maintain its past dividend policy of distributing 15 percent of last year's net income. Last year, net income was $3.25 million. a. Calculate the amount of external equity needed. b. If the company changed to a residual dividend policy, how much external equity will it need?
Submitted: 6 years ago.
Category: Homework
Expert:  SteveS replied 6 years ago.

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