Blue Mountain Corporation has $30 million expansion in net assets during the coming year. Based on the debt asset ratio of 40% (considered to be optimal), earnings after taxes of $60 million, and a dividend payout policy of 80%, you need to assist the company on how much external equity must the company seek. Also based on the given rubrics, you are required to write and calculate the following: 

a) Dividend payout 

b) Retained earnings 

c) New equity needed 

d) External equity needede) 

e) Conclusion