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Chancellor Industries has retained earnings available of $ 1 . 2 5 million. The firm plans to make two investments that require financing of $

Chancellor Industries has retained earnings available of $1.25 million. The firm plans to make two investments that require financing of $941,034 and $1.77 million, respectively. Chancellorluses a target capital structure with 62% debt and 38% equity. Apply the residual theory to determine what dividends, if any, can be paid out, and calculate the resulting dividend payout ratio.
A. The dividend amount, if any, that can be paid out is $ q,(Round to the nearest dollar.)
B. The resulting dividend payout ratio is %.(Round to one decimal place.)
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