Tweeks Coffee has a capital structure consisting of 30 percent debt and 70 percent common equity financing. The company has $200 million in net income and plans to pay out 20 percent of their earnings as dividends. What is the maximum amount of new financing that the company can raise without selling new common stock?

Group of answer choices

a) $533 million

b) $286 million

c) $200 million

d) $229 million