Question
In: Finance
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital expenditure projects. The firm can earn a higher return on the projects than the stockholders could earn if the funds were paid out in the form of dividends.
| Year | Net Income | Profitable Capital Expenditure |
||||
| 1 | $18 million | $ 7 million | ||||
| 2 | 20 million | 12 million | ||||
| 3 | 10 million | 7 million | ||||
| 4 | 20 million | 8 million | ||||
| 5 | 15 million | 8 million | ||||
The Hastings Corporation has 2 million shares outstanding (The following questions are separate from each other).
c. If the firm pays a 10 percent stock dividend in years 2 through 5, and also pays a cash dividend of $2.40 per share for each of the five years, how much in total dividends will be paid?
Total cash of dividends______
ANSWER IS NOT 29
Solutions
jeff jeffy answered 5 months agoRelated Solutions
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net
income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders
could earn if the funds were paid out in the form of dividends.
Year
Net Income
Profitable Capital
Expenditure
1
$16
million
$ 7
million
2
17 million
11 million
3
14 million
6 million
4
18 million
7 million
5
16 million
8 million
The Hastings Corporation...
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net
income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders
could earn if the funds were paid out in the form of dividends.
Year Net Income Profitable Capital Expenditure 1 $ 13 million $ 7
million 2 21 million 12 million 3 11 million 7 million 4 14 million
8 million 5 17 million 9 million The Hastings Corporation...
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net
income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders
could earn if the funds were paid out in the form of dividends.
Year
Net Income
Profitable Capital
Expenditure
1
$
12
million
$
8
million
2
19
million
11
million
3
15
million
7
million
4
18
million
8
million
5
18
million
8
million
The Hastings Corporation...
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net
income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders
could earn if the funds were paid out in the form of dividends.
Year
Net Income
Profitable Capital
Expenditure
1
$
13
million
$
7
million
2
24
million
11
million
3
17
million
6
million
4
18
million
8
million
5
22
million
8
million
The Hastings Corporation...
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net
income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders
could earn if the funds were paid out in the form of dividends.
Year
Net Income
Profitable Capital
Expenditure
1
$
13
million
$
7
million
2
22
million
11
million
3
13
million
6
million
4
21
million
8
million
5
17
million
9
million
The Hastings Corporation...
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net
income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders
could earn if the funds were paid out in the form of dividends.
Year Net Income Profitable Capital
Expenditure
1 $ 17 million
$ 8 million
2 20 million
11 million
3 18 million
7 million
4 14 million
7 million
5 ...
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net
income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders
could earn if the funds were paid out in the form of dividends.
Year
Net Income
Profitable Capital
Expenditure
1
$
15
million
$
8
million
2
25
million
12
million
3
9
million
7
million
4
12
million
7
million
5
16
million
8
million
The Hastings Corporation...
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net
income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders
could earn if the funds were paid out in the form of dividends.
Year
Net Income
Profitable Capital
Expenditure
1
$11 million
$ 8 million
2
23 million
11 million
3
9 million
7 million
4
14 million
8 million
5
22 million
9 million
The Hastings Corporation...
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net
income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders
could earn if the funds were paid out in the form of dividends.
Year
Net Income
Profitable Capital
Expenditure
1
$
18
million
$
7
million
2
16
million
12
million
3
11
million
6
million
4
22
million
7
million
5
20
million
8
million
The Hastings Corporation...
The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...
The Hastings Sugar Corporation has the following pattern of net
income each year, and associated capital expenditure projects. The
firm can earn a higher return on the projects than the stockholders
could earn if the funds were paid out in the form of dividends.
Year
Net Income
Profitable Capital
Expenditure
1
$
14
million
$
8
million
2
18
million
11
million
3
9
million
6
million
4
20
million
8
million
5
23
million
9
million
The Hastings Corporation...
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