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How much of the project must be funded by equity

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    Assignment ID: FG133135201

    Question – Bulldogs Inc. has forecasted that its net income will be P520,000. The company has an debt-to- equity ratio of 25%. The dividend policy of the firm follows the residual dividend model. Bulldogs Inc. has a project that needs funding amounting to P600,000. The number of issued and outstanding shares of Bulldogs Inc. is 5,000. How much of the project must be funded by equity?

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