Net income for 2004 was $10,000. It is expected to grow by 20% in 2005. If the dividend payout ratio is 10% of net income, calculate common equity for 2000.

Name: Net income for 2004 was $10,000. It is expected to grow by 20% in 2005. If the dividend payout ratio is 10% of net income, calculate common equity for 2000.
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The Answer of  Net income for 2004 was $10,000. It is expected to grow by 20% in 2005. If the dividend payout ratio is 10% of net income, calculate common equity for 2000.

Net Income for 2004 Was $10,000