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QUESTION
Axel Teleommunications has a target capital structure that consists of 70% debt and 30% equity. the company anticipates that its capital budget for...
Axel Teleommunications has a target capital structure that consists of 70% debt and 30% equity. the company anticipates that its capital budget for the upcoming year will be $3000000. If Axel reports net income of $2000000 and it follows a residual distribution model with all distributions as dividends, what will be its dividend payout ratio?
