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Company B ' s dividend policy is under review by its board. Its projected capital budget is $ 2 , 0 0 0 , 0

Company B's dividend policy is under review by its board. Its projected capital budget is $2,000,000, its target capital structure is 60% debt and 40% equity, and its forecasted net income is $600,000. If the company follows a residual dividend policy, what total dividends, if any, will it pay out?
a. $560,000
b. $840,000
c. $0
d. $800,000
e. $1,200,000
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