A company is weighing its options to use only Retained Earnings or to issue NEW Stock for next year's capital budget needs.

Target Capital Structure
Debt	37%
Preferred Stock	17%
Common Equity	46%
	100%

Net Income = $658,940

Payout Ratio = 72%

What is the company's BREAKPOINT (the largest capital budget available without selling NEW Stock)?

Group of answer choices

$401,093.91

$669,900.00

$428,736.00

$184,503.20