Glenda Company expects to generate P10 million internally which could be available for financing part of its P12 million capital budget for this coming year.Glendas management believes that a debt-equity ratio of 40 percent is best for the firm.How much should be paid in dividends if the target debt-equity ratio is to be maintained?

A. P2,800,000 C. P8,571,429

B. P1,428,571 D. P4,000,000