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Portland Plastics Inc  Capital budget $12,000% Debt 40% Net income (NI) $13,600\begin{array} { l r } \text { Capital budget } & \$ 12,000 \\\% \text { Debt } & 40 \% \\\text { Net income (NI) } & \$ 13,600\end{array}

question 70

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Portland Plastics Inc.has the following data.If it follows the residual dividend model,what is its forecasted dividend payout ratio?  Capital budget $12,000% Debt 40% Net income (NI)  $13,600\begin{array} { l r } \text { Capital budget } & \$ 12,000 \\\% \text { Debt } & 40 \% \\\text { Net income (NI) } & \$ 13,600\end{array}
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