Burly Wood Berhad has found two acceptable investment opportunities. The two projects require a total of RM6 million in financing. It is the company's policy to finance its investments by using 40% debt and 60% common equity. Last year, the firm total earnings were RM8.5 million but expect total earnings to increase to RM9 million this year. There are currently 1,500,000 shares of common stock outstanding. The company paid RM3.20 per share dividend last year. Required: a) What portion of the new investments will be financed by common equity and what portion by debt? (3 Marks) b) If the company maintains a pure residual dividend policy, calculate the dividend per share that each shareholder will receive this year. (4 Marks) Financial Management (BAFB3013) January 2023 Final Examination CONFIDENTIAL c) If the company maintains a constant dividend payout ratio each year, how large a dividend will each shareholder receive this year? (4 Marks) d) If the company maintains a constant dollar dividend policy, what is the dividend per share that each shareholder will receive this year? (2 Marks) (Total: 13 Marks)