Desk Dashing Sdn$.$ Bhd$.($DDSB$)$ anticipates an EBIT of $$The interest rate on the RM$400,000$ in long$-$term debt is $10\%.$ In addition, the number of outstanding common stock shares is $2$ million. The corporation intends to make an investment of $$The company's assets are financed by $40\%$ of debt, while $60\%$ are raised through stock capital. The applicable tax rate is $40\%.$ Assuming the company follows a residual dividend policy you are required to answer the following. a$.$ Compute the expected dividend payout ratio. $(16$ Marks$)$ b$.$ How much is the expected dividend per share? $(2$ Marks$)$ c$.$ Compute the retention ratio. $(2$ Marks$)($Total: $20$ Marks$)$ FINANCE MANAGEMENT