MICRO Inc. has net income of $74 million. It has identified positive NPV projects that require $66.6 million in funding. The company's target debt/equity ratio is 0.5.

Part 1. What is the company's target capital structure weight for equity (E/V)?

Part 2. If the company follows a residual dividend policy, how much will it need to borrow (in $ million)?

Part 3. If the company follows a residual dividend policy, how much will it pay out in dividends (in $ million)?