please answer question 14.10 parts a,b,c,d,e,f,gh

The company is willing to cut its capital budget to meet its other objectives. Assuming that the company's projects are divisible, what will be the company's capital budget for the next year? h. What actions can a firm that follows the residual dividend policy take when its forecasted retained earnings are less than the retained earnings required to fund its capital budget? and d? If thot, should of 59,000,000 secm reasonable in view of your answers to Parts c. and a? If not, should the dividend be hagher or lower? fipplain your answer. COMPREHENSIVE/SPREADSHEET PROBLEM RESIDUAL DIVIDEND MODEL Buena Terra Corporation is reviewing its capital badget for years. The company's target capital stracture is 60% e couity and aor debt, it has 1,000,000 shares of common equity outstanding, and its net income is 58 million. The company foreeasts that it will revuire 510 million to fund all of its profitable fthat is, positive NPV) projects for the upcoming year. a. If Buena Terra follows the residual dividend model, how much retained earningss will it need to fund its capilal budget? b. If Buena Terra follows the residual dividend model, what will be the company's dividend per share and payout ratio for the upcoming year? c. If Buena Terra maintains its current 53.00 DFS for next year, how much retained earnings will be available for the firm's capital budget? d. Can the company maintain its current capital structure, the S3.00 DPS, and a $10 million capital budget without harring to raise newy common stock? e. Suppose that Buena Terra's management is firmly opposed to cutting the dividend: that is, it wants to maintain the 53.00 dividend for the next year. Ako, ascume that the company was committed to funding all profitable projects and was willing to issue more debt (along with the available retained carmings) to help finance the company's capital budget. Assume that the resulting change in capital structure has a munimal effect on the company's composite cost of capital so that the capital budget remains at $10 million. What portion of this year's capital budget would have to be financed with debt? f. Suppose once again that Buena Terra's management wants to maintain the S3.00 DPS. In addition, the company wants to maintalin its target capital structure (60\%l equity and 40 Webt) and its 510 million capital budget. What is the minimam dollar amount of new common stock that the company would have to issue to meet each of its: objectives? g. Now consider the case where Bucna Tern's management wants to maintain the 5300 . Dow consider the case where bucna Ternis management wants to maits target capital structure, but it wants to avoid tesuing new common stock