Question: 10) Torrence Inc. has the following data. If it uses the residual dividend model, how much total dividends, ifi any, will it pay out? Capital

10) Torrence Inc. has the following data. If it uses the

10) Torrence Inc. has the following data. If it uses the residual dividend model, how much total dividends, ifi any, will it pay out? Capital budget % Debt Net income (NI) $1,000,000 60% S625,000 $183,264 $192,909 $203,063 $213,750 $225,000

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