The following facts apply to your company: Based on the residual dividend policy,the payout ratio is 60 percent.How large (in millions of dollars)will the capital budget be?
A) $43.2
B) $50.0
C) $64.8
D) $86.4
E) $108.0

Question

The following facts apply to your company:  Based on the residual dividend policy,the payout ratio is 60 percent.How large (in millions of dollars)will the capital budget be?
A) $43.2 
B) $50.0 
C) $64.8 
D) $86.4 
E) $108.0

Quizplus · Accepted Answer

The Answer of The following facts apply to your company:  Based on the residual dividend policy,the payout ratio is 60 percent.How large (in millions of dollars)will the capital budget be?
A) $43.2 
B) $50.0 
C) $64.8 
D) $86.4 
E) $108.0

The Following Facts Apply to Your Company: Based on the Residual