I need assistance on my HW. Please do not flag my question. I will not submit the work as my own.

Reed Corporation has a capital budget of $2.25 million. The company wants to maintain a target capital structure which is 60% debt and 40% equity. The company forecasts that its net income this year will be $800,000.

1.If the firm uses a payout ratio of 25%, what dividend will Reed pay?

2.How much will be added to retained earnings?

3.If the company wishes to maintain its debt-equity ratio to finance the capital budget, how much debt must the firm issue?

4.How much equity must the firm issue?