Stinkfoot Shoe Powder Inc. has a target debt / equity ratio of 0 . 4 2 8
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Question:
Stinkfoot Shoe Powder Inc. has a target debtequity ratio of Its capital budget for new projects for next year is estimated at $ million. Estimated net income is $ million and there are million shares outstanding. What dividend can Stinkfoot pay next year? Express your answer as a whole dollar amount.
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