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Your company has a capital structure that consists of 20 percent equity and 80 percent debt. You expect to report P3 million in net income this year, and 60 percent of the net income will be paid out as dividends.How large must your company's capital budget be this year without it having to issue any new common stock?

A.P 1.20 million

B.P13.00 million

C.P 1.50 million

D.P 0.24 million

E.P 6.00 million