Bentivoglio Corporation plans to set its dividend using the residual distribution model. Its planned capital budget for this year is $4,000,000 and its target capital structure is 65% equity and 35% debt. Net income is expected to be $4,500,000 Bentivoglio has 1,500,000 common shares outstanding and its share price is $30.00. Required a) What is the total amount of dividends that Bentivoglio plans to pay? (3 Marks) b) What will the dividend yield be on its common stock? (2 Marks) c) Bentivoglio pays dividends on a quarterly basis. By how much will its stock price change on its next ex-dividend date? (2 Marks) us d) Bentivoglio may, instead of paying a dividend, decide to distribute cash by way of a share repurchase. If it does how many shares will it repurchase? What will the share price be after the repurchase