Q2 Rocketdyne is planning its cash distribution policy. Company analysts have forecast the following: 75% Target equity ratio for capital structure 120 Capital budget for upcoming investment opportunities 80 Net income forecast Additional company information: 80 Shares outstanding, millions Using the residual distribution model, a What is Rocketdyne's planned distribution based on the forecast? (think carefully about this) b What does your answer for a) tell you about the firm's investment opportunities and/or capital structure target? SHOW WORK HERE, HIGHLIGHT FINAL ANSWER IN YELLOW Q2 Rocketdyne is planning its cash distribution policy. Company analysts have forecast the following: 75% Target equity ratio for capital structure 120 Capital budget for upcoming investment opportunities 80 Net income forecast Additional company information: 80 Shares outstanding, millions Using the residual distribution model, a What is Rocketdyne's planned distribution based on the forecast? (think carefully about this) b What does your answer for a) tell you about the firm's investment opportunities and/or capital structure target? SHOW WORK HERE, HIGHLIGHT FINAL ANSWER IN YELLOW