The capital budget of Serious Products Company is $1,000,000. The company wants to maintain a target capital structure that is 40% debt and 60% equity. The company forecasts that its net income this year will be $800,000. If the company follows a residual dividend policy, what will be its total dividend payment?

		$100,000
		$200,000
		$300,000
		$400,000
		$500,000