Red Bison Petroleum Producers Group has generated earnings of $140,000,000. Its target capital structure consists of 60% equity and 40% debt. It plans to spend $83,000,000 on capital projects over the next year and expects to finance this investment in the same proportion as its capital structure. The company makes distributions in the form of dividends. 40% 60% Equity Debt What will Red Bison Petroleum Producers's dividend payout ratio be if it follows a residual dividend policy? O 64.43% 0 61.21% 0 67.65% 054.77% If Red Bison Petroleum Producers Group reduces the amount of its forecasted capital budget, how will this affect the firm's annual dividend, assuming that all other factors are held constant? The amount that Red Bison Petroleum Producers will pay out in dividends this year will decrease. The amount that Red Bison Petroleum Producers will pay out in dividends this year will increase. Blue Guppie Seafood Corporation has very stable, predictable earnings, but its capital investment tends to be lumpy. That means that its required capital budget usually is relatively low, but every few years some large expenditures cause the firm's capital budget to be quite large. Blue Guppie Seafood follow a strict residual dividend policy