nearest dollar.

$

b$.$ If Revnold follows the residual model with all distributions in the form of dividends, what will be its dividend per share for the upcoming year? Round your answer to the nearest cent.

$

What will be its payout ratio for the upcoming year? Round your answer to two decimal places.

$\%$

$$3$

d$.$ Can Reynold maintain its current capital structure, maintain its current dividend per share, and maintain a $$14$ million capital budget without having to raise new common stock?

$$

debt? Round your answer to two decimal places.

$\%$

to issue in order to meet all of its objectives? Enter your answer in dollars. For example, an answer of $$2$ million should be entered as $2,000,000,$ not $2.$ Round your answer to the nearest dollar.

$

divisible, what will be the company's capital budget for the next year? Enter your answer in dollars. For example, an answer of $$2$ million should be entered as $2,000,000,$ not $2.$ Round your answer to the nearest dollar.

$

h$.$ If a firm follows the residual distribution policy, what actions can it take when its forecasted retained earnings are less than the retained earnings required to fund its capital budget?