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Here is Apple's plan for the coming year: (1) expand the R&D center in Califormia for a total cost of $137 million; (2) build an

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Here is Apple's plan for the coming year: (1) expand the R\&D center in Califormia for a total cost of $137 million; (2) build an alternative supply chain for a total cost of \$23 million; (3) lay off non-R\&D employees to save $17 million. Apple's ideal capital structure is 45% debt and 55% equity. Apple's net income this year is $97.54 million. What is the total amount of dividends Apple should distribute this year? [10 points]

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