The following information applies to InterStellar Bank:

Capital at start of the planning period	$712 million
Asset at start of the planning period	$10,500 million
Dividend payout ratio (per annum)	35%
Asset growth rate (per annum)	12%
Return on assets (per annum)	1.1%

(i) Calculate the banks projected capital ratio. (2 marks)

(ii) If the target capital ratio is 6%, what is the capital shortage or excess in dollar terms? (2 marks)

(iii) Detail three (3) possible courses of action which can help the bank resolve the above shortage/excess. (3 marks)