Solve the following equation for x accurate to three decimal places. 
Definitions:
Dividend Distribution
The method by which a corporation's earnings are distributed among its shareholders in the form of dividends.
Retaining Earnings
Profits kept by a company for reinvestment in its operations rather than distributed to shareholders as dividends.
Residual Dividend
A policy whereby dividends are based on earnings after all projects with positive NPV are funded.
Capital Budgeting Projects
Long-term investment decisions made by companies to invest in projects or assets with the aim of generating revenue or reducing costs in the future.
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