years. The company's target capital structure is 45% debt and 55% equity. entered as 2,000,000, not 2 . Round your answer to the nearest dollar. $ b. If Reynold follows the residual model with all distributions in the form of dividends, what will be its dividend per share for the upcoming year? Round your answer to the nearest cent. $ What will be its payout ratio for the upcoming year? Round your answer to two decimal places. % not 2. Round your answer to the nearest dollar. $ the nearest dollar. $ 2. Round your answer to the nearest dollar. $ which it plans to liquidate and distribute to common shareholders via a stock repurchase; the firm has no other nonoperating assets. It has $364 million in debt and $64 million in preferred stock. a. What is the value of operations? Enter your answer in millions. For example, an answer of $1.23 million should be entered as 1.23 , not 1,230,000. Round your answer to two decimal places. \$ million \$ million c. Immediately prior to the repurchase, what is the intrinsic stock price? Round your answer to the nearest cent. $ per share d. How many shares will be repurchased? Enter your answer in millions. For example, an answer of 1.23 million should be entered as 1.23 , not 1,230,000. Round your answer to two decimal places. million shares million shares \$ million The intrinsic stock price? Round your answer to the nearest cent. \$ per share