Question: *CLEARLY SHOW ANSWER - WILL UPVOTE CORRECT RESPONSE AS I CAN IMMEDIATEY GRADE QUESTION* Residual Distribution Policy Petersen Company has a capital budget of $1.2

*CLEARLY SHOW ANSWER - WILL UPVOTE CORRECT RESPONSE AS I CAN IMMEDIATEY GRADE QUESTION* *CLEARLY SHOW ANSWER - WILL UPVOTE CORRECT RESPONSE AS I CAN

Residual Distribution Policy Petersen Company has a capital budget of $1.2 million. The company wants to maintain a target capital structure that is 55 debt and equity. The company forecasts that it net income this year will be $600,000. If the company follows a residual distribution model and pays all distributions as dividends, what will be its payout ratio? Round your answer to two decimal places Grade It Now Save & Continue

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