A firm has the following figures for 2018 and 2019:

Year 2018 2019

Net Income $360,000 $420,000

Shares outstanding 150,000 180,000

Growth rate (g) 8% 8%

Capital Budget $500,000 $600,000

Equity ratio 40% 50%

Required: Use the above give to answer questions 9 through 14

9- Under the residual dividend policy, how much is total dividend for 2018? *

$170,000

$180,000

$200,000

$220,000

None of the above

10- Under the residual dividend policy, how much is the approximate companys dividends per share for 2018? *

$1.54

$2.12

$1.93

$1.07

None of the above

11- Under the residual dividend policy, how much is companys dividend payout ratio for 2018? *

52%

44.44%

62.33%

25.26%

None of the above

12- Under the residual dividend policy, how much is companys dividend payout ratio for 2019? *

32%

18.18%

28.57%

45.37%

None of the above

13- Under the residual dividend policy, for the year 2019 how much is maximum capital could be used for investment if the companys payout ratio is 40%? *

$840,000

$540,000

$367,400

$332,660

None of the above

14- If the company wants a capital for $875,000 to start a new project in 2019, based on the same debt ratio and Net Income, how much could be the external equity needed if the company pays only 15% dividend? *

$87,300

$80,500

$63,000

No external equity needed

None of the above

please help me with all the questions its surgent tha k you