Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions ( ( ) ) Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions ( 10 ) Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions ( ( ) ) Titman/Keown/Martin Financial Management 11e 15 Chapter 16 _ MyFinanceLab Solutions ( ( ( ) ) ) ( ( 16 ) ) Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions ( ( ) ) Titman/Keown/Martin Financial Management 11e 17 Chapter 16 _ MyFinanceLab Solutions 18 Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e 19 Chapter 16 _ MyFinanceLab Solutions 20 Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e 21 Chapter 16 _ MyFinanceLab Solutions 22 Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/Keown/Martin Financial Management 11e 23 Chapter 16 _ MyFinanceLab Solutions 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 Dividends Liquidation Dividends 24 250000 Dividends Liquidation Dividends Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions ( ) ( ( Titman/Keown/Martin Financial Management 11e ) ) 25 Chapter 16 _ MyFinanceLab Solutions ( 26 ) Titman/Keown/Martin Financial Management 11e 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 $125,000 Dividends Liquidation Dividends Titman/Keown/Martin Financial Management 11e Dividends Liquidation Dividends 27 Chapter 16 _ MyFinanceLab Solutions ( ) ( ( 28 ) ) Titman/Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions ( Titman/Keown/Martin Financial Management 11e ) 29 ... _ MyFinanceLab Solutions Titman/ Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/ Keown/Martin Financial Management 11e Chapter 16 ... _ MyFinanceLab Solutions Titman/ Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/ Keown/Martin Financial Management 11e Chapter 16 ... _ MyFinanceLab Solutions Titman/ Keown/Martin Financial Management 11e Chapter 16 _ MyFinanceLab Solutions Titman/ Keown/Martin Financial Management 11e Chapter 16