(Solution) - Super Fast Company has capital projects of 7 000 000 in -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Super Fast Company has capital projects of $ 7,000,000 in year 2009.
The company has 50% debt, 50 equity capital structure policy.
The net income for the year 2008 will be $4,500,000.
The company follows residual dividend policy.

Required:
1. Amount that will be paid as dividend
2. Dividend Payout ratio.