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Chapter 16 _________________________________
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Alternative #1
Alternative #2
1500000
1500000
$1,200,000
1250000
1250000
1000000
1000000
750000
750000
$760,000 $600,000
500000
250000
500000
$200,000
0
0 Dividends Liquidation Dividends
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250000
Dividends Liquidation Dividends
Titman/Keown/Martin Financial Management 11e
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Chapter 16 _________________________________ MyFinanceLab Solutions
Alternative #1 15000000
Alternative #2 $14,000,000
15000000
$12,993,750 12500000
12500000
10000000
10000000
7500000
7500000
5000000
5000000
2500000
2500000
$1,000,000 0
$125,000 Dividends Liquidation Dividends
Titman/Keown/Martin Financial Management 11e
0 Dividends Liquidation Dividends
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