(1) The company follows a residual dividend policy. (2) The total capital budget for next year is likely to be one of three amounts, depending on the results of capital budgeting studies that are currently under way. The capital expenditure amounts are $2 million, $3 million, and S4 million (3) The forecasted level of potential retained earnings next year is $2 million. (4) The target or optimal capital structure is a debt ratio of 40%. You have decided to respond by sending the stockholder the best information available to you a. Compute the amount of the dividend (or the amount of new common stock needed) and the dividend payout ratio for each of the three capital expenditure amounts. b. Compare, contrast, and discuss the amount of dividends (calculated in part a) associated with each of the three capital expenditure amounts a. If the capital expenditure amount is $2 million, the amount of dividend the firm can pay is $ 800,000. (Round to the nearest dollar.) If the capital expenditure amount is $2 million, the dividend payout ratio is 40 %. (Round to one decimal place.) If the capital expenditure amount is $3 million, the amount of dividend the firm can pa i (Round to the nearest dollar.)