Question: Spellbound Solutions estimated future capital investment needs ar $ 1 2 0 0 m , and the estimated future net income is $ 1 2

Spellbound Solutions estimated future capital investment needs ar $ 1200m, and the estimated future net income is $1200m. If the company finances itself with 40 percent debt and 60 percent equity, how much in dividends can the company afford to pay?
a. $0m
b. $420m
c. $480m
d. $720m
e. $900m

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