Barometer Co$.$ follows a residual dividend policy and has a target debt$-$equity

ratio of $0\mathrm{.}42.$ Net income for the year is $$14,500.$ The company's capital

requirements for the coming year are $$5,000.$

a$)$ How much of next year$$s capital will need to be raised from debt

financing? $(3$ marks$)$

b$)$ What are the total Dividends paid? $(4$ marks$)$

c$)$ What is the total external financing required?