Appleton's capital accounts are as follows
The firm expects to earn $120,000 next year and generally pays 40% of its earnings out in dividends. It also plans capital spending of $200,000. How much capital will have been raised when the MCC makes its first break upwards?

Question

Appleton's capital accounts are as follows 
  The firm expects to earn $120,000 next year and generally pays 40% of its earnings out in dividends. It also plans capital spending of $200,000. How much capital will have been raised when the MCC makes its first break upwards?

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The Answer of Appleton's capital accounts are as follows 
  The firm expects to earn $120,000 next year and generally pays 40% of its earnings out in dividends. It also plans capital spending of $200,000. How much capital will have been raised when the MCC makes its first break upwards?

Appleton's Capital Accounts Are as Follows