As a financial manager for WillPower, Inc, you have the following information: a) The company follows a residual dividend policy; b) The total capital budget for next year is likely to be $500,000; c) The forecasted level of earnings next year is $600,000; d) The target or optimal capital structure is a debt ratio of 45%; Please answer the following questions:

a. What will be the amount funded with equity for the project -$175,000.00 ? (Keep the answer to a whole number. Example of answer format: $100000)

b. Compute the amount of the dividend . (Keep the answer to a whole number. Example of answer format: $100000)

c. Compute the dividend pay-out ratio . (Keep the answer to two decimals. Example of the answer format: 55.55%)