Pavlin Corp.'s projected capital budget is $2,000,000,its target capital structure is 40% debt and 60% equity,and its forecasted net income is $900,000.If the company follows the residual dividend model,how much dividends will it pay or,alternatively,how much new stock must it issue?

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The Answer of Pavlin Corp.'s projected capital budget is $2,000,000,its target capital structure is 40% debt and 60% equity,and its forecasted net income is $900,000.If the company follows the residual dividend model,how much dividends will it pay or,alternatively,how much new stock must it issue?