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Puckett Products is planning for $6 million in capital expenditures next year. Puckett's target capital structure consists of 75% debt and 25% equity....

Puckett Products is planning for $6 million in capital expenditures next year. Puckett's target capital structure consists of 75% debt and 25% equity. If net income next year is $2 million and Puckett follows a residual distribution policy with all distributions as dividends, what will be its dividend (in millions)?

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arnings distributed as dividends = Net income - the capital... View the full answer

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