The Clydesdale Corporation has an optimal capital structure consisting of 70% debt and 30% equity the marginal cost of capital K calculated to be 14.75% Total earnings available to common stockholders for the coming year total $1.200,000. Investment opportunities are According to the residual dived theory, what should the firm s total dividend payment be? If the firm paid a total dividend of $675,000, and restricted equity financing to internally generated funds, which projects should be selected? Assume the marginal cost of capital is constant