10. Pavlin Corp.'s projected capital budget is $2,000,000, its target capital structure is 40% debt and 60% equity, and its forecasted net income is $1,250,000. If the company follows the residual dividend model, how much dividends will it pay or, alternatively, how much new stock must it issue? a. $50,000; $0 b. $47,500; $46,500 c. $51,500; $59,000 d. $43,500; $60,000 e. $39,000; $47,000