Your firm successfully issued new debt last year, but the debt carries covenants. You can only pay dividends out of earnings made after the debt issue and you must maintain a minimum quick ratio of 1.1. Your net income this year is RM70.2 million. Your cash is RM10.5 million, your receivables are RM8.5 million, and your inventory is RM4.5 million. You have current liabilities of RM19.3 million. Estimate the maximum dividend you could pay (in cash and in stock) this year and still comply with your covenant.