Business, 28.01.2021 23:50, jstringe424

A firm reports net income of $456,325.00 for 2013. The firm has a dividend payout ratio of 20.00%. The firm currently has $994,000.00 in debt, and $1,628,000.00 in shareholder equity. The firm pays 6.00% annual interest on their outstanding debt. The firm wants to maintain its debt to equity ratio. Based on the interest rate on debt, how much more interest will the firm pay in 2014

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A firm reports net income of $456,325.00 for 2013. The firm has a dividend payout ratio of 20.00%. T...