Business, 10.07.2019 01:10 lizbeth232001

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 has 2 million shares outstanding (the following questions are separate from each other). a. if the marginal principle of retained earnings is applied, how much in total cash dividends will be paid over the five years?

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