The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital...

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

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jeff jeffy answered 4 weeks ago

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