Fauver Industries plans to have a capital budget of $600,000. It wants to maintain a target capital structure of 40% debt and 60% equity, and it also wants to pay a dividend of $200,000. If the company follows the residual distribution model, how much net income must it earn to meet its investment requirements, pay the dividend, and keep the capital structure in balance? $440,000 O $240,000 $360,000 $560,000