The Simmons Company expects earnings of $30 million next year. Its dividend payout ratio is 40 percent, and its proportion of debt (debt/assets ratio) is 55 percent. Simmons uses no preferred stock. a. What amount of retained earnings does Simmons expect next year? b.At what amount of financing will there be a break point in the MCC schedule? c. If Simmons can borrow $12 Million at an interest rate if 11 percent, another $12 million at a rate of 12 percent, and any additional debt at a rate of 13 percent, at what point will rising debt cost break in the MCC schedule?