MMM Corporation has the following data
Outstanding shares of common stock	1000	thousand
Target capital structure
Debt	40%
Equity	60%
Projected net income [P(NI)]	5000	thousands
The projected investments for next year	6000	thousands
Assume the residual distribution model is used with respect to dividends.
Find dividend per share?(DPS)

a- [$1, $3]

b- [$3, $4]

c- [$4, $5]

d- more than $5