ABC Inc. has a capital budget of $950,000, it wants to maintain a target capital structure of 35% debt and 65% equity, and it also wants to pay a dividend of $275,000. If the company follows the residual dividend model, how much net income must it earn to meet its capital budgeting requirements and pay the dividend, all while keeping its capital structure in balance? Select one: a. $946,050 b. S767,550 C. 8803,250 d. $776,475 e. $892,500 ABC Inc. has the following data. If it follows the residual dividend model, what is its forecasted dividend payout ratio? $12.000 Capital budget % Debt 40% Net income (NI) $17.500 Select one: a. 59.45% b. 63.57% c. 60.03% d. 58.86% e. 62.39%