Question: PLEASE ANSWER QUESTION USING THE TABLE THAT IS IN THE PHOTO This is a more difficult but informative problem. James Brodrick & Sons, Incorporated, is
This is a more difficult but informative problem. James Brodrick \& Sons, Incorporated, is growing rapidly and, if at all possible, would like to finance its growth without selling new equity. Selected information from the company's five-year financial forecast follows. a. According to this forecast, what dividends will the company be able to distribute annually without raising new equity and while maintaining a balance of $200 million in marketable securities? What will the annual dividend payout ratio be? (Hint: Remember sources of cash must equal uses at all times.) Note: Round dividends to the nearest million dollars and the payout ratio % to the nearest ones place
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