LA Moving Company has the following data, dollars in thousands. If it follows the residual dividend model, what will its dividend payout ratio be? Capital budget$6,700 % Debt45% Net income (NI)$7,250 ?
A. 46.71%
B. 60.97%
C. 36.88%
D. 44.26%
E. 49.17%
Answer: E
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