Refer to the previous problem (the projected capital budget of Kandell Corporation is $1,000,000, its target capital structure is 60% debt and 40% equity, and its forecasted net income is $600,000). Kandell has a $2.50 dividend per share, and 100,000 outstanding shares of stock. Suppose Kandell's management wants to maintain the $2.50 DPS. In addition, the company wants to maintain its target capital structure and its $1 million capital budget. What is the minimum dollar amount of new common stock the company would have to issue in order to meet all of its objectives?

Group of answer choices

25,000

50,000

75,000

100,000

125,000