NY Fashions Has the Following Data $$\begin{array} { l r } \text { Capital budget } & \$ 1,000,000 \\\% \text { Debt } & 65 \% \\\text { Net income (NI) } & \$ 625,000\end{array}$$

question 25

Multiple Choice

NY Fashions has the following data.If it follows the residual dividend model,how much total dividends,if any,will it pay out? $$\begin{array} { l r } \text { Capital budget } & \$ 1,000,000 \\\% \text { Debt } & 65 \% \\\text { Net income (NI) } & \$ 625,000\end{array}$$
?

• A) $231,000
• B) $258,500
• C) $291,500
• D) $335,500
• E) $275,000

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