Torrence Inc. has the following data. If it uses the residual dividend model, how much total dividends, if any, will it pay out?
Capital budget $1,025,000
% Debt 60%
Net Income (NI) $665,000
a. $211,650
b. $234,600
c. $193,800
d. $255,000
e. $316,200
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Home » Business » Torrence Inc. has the following data. If it uses the residual dividend model, how much total dividends, if any, will it pay out? Capital budget $1,025,000 % Debt 60% Net Income (NI) $665,000 a. $211,650 b. $234,600 c. $193,800 d. $255,000 e.