VenCap Corporation is reviewing its capital budget for the coming year. It has paid a RM3.00 dividend per share (DPS) for the past several years, and its shareholders expect the dividend to remain constant for the next several years. The company's target capital structure is 60 percent equity and 40 percent debt and has common stocks outstanding of 1.0 million shares. The company recorded a net income of RM8 million and forecasts that it would require RM10 million to fund all of its positive NPV projects for the coming year. d) Can the company maintain a RM10 million capital budget without having to raise new common stock? Provide reason