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IS THERE ANYONE WHO CAN ANSWER ME THE ABOVE QUESTIONS ? PLEASE HELP ME TO ANSWER THOSE QUESTIONS. IT WILL BE MUCH APPRECIATED IF U

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IS THERE ANYONE WHO CAN ANSWER ME THE ABOVE QUESTIONS ? PLEASE HELP ME TO ANSWER THOSE QUESTIONS. IT WILL BE MUCH APPRECIATED IF U CAN HELP ME !!

(c) Spinfluence Berhad has decided that its capital budget during the coming year will be RM25 million. Its optimal capital structure is 55% equity and 45% debt. The earnings before interest and taxes (EBIT) is projected to be RM45 million for the year. The company has RM300 million of assets; its average interest rate on outstanding debt is 10 percent; and its tax rate is 30%. If the company follows the residual dividend policy and maintains the same capital structure, what will its dividend payout ratio be? (Final answer in 2 decimal places) (5 marks) Describe the residual dividend policy. (2 marks) Under the residual dividend policy, how would the debt ratio affect the amount of dividend? (3 marks) [Total: 40 marks]

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