Super Jane Doe (SJD) Corporation, uses a residual dividend policy. A debt/equity ratio of 1.5 is considered optimal. Earnings for the period just ended were $2,800,000. SJD Corporation is considering to invest in a new project with an estimated total cost of $6,000,000. How much in new debt will be borrowed? What is the total dividend and dividend per share declared if residual dividend policy is utilized by SJD corporation? Outstanding shares of SUD is 500,000 units Input Area: Debt Equity ratio Earnings for the Period Just ended Estimated Total Cost of New Investment Shares Outstanding 1.50 $2,800,000 6,000,000 500,000 Output Area: Debt to Value Ratio (D/V) Equity to Value Ratio (EM Debt to be Borrowed 00000! Required Equity Total Dividend Declared Dividend Per Share