need help with 14-1 & 14-7 only please

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OBLEMS ANSWERS ARE IN APPENDIX B EASY PROBLEMS 1-5 Puckett Products is planning for $5 million in capital expenditures next year. Puckett's target capital structure consists of 60% debt and 40% equity. If net income next year is $3 million and Puckett follows a residual distribution policy with all distributions as dividends, what will be its dividend payout ratio? (14-1) Residual Distribution Model Petersen Company has a capital budget of $1.2 million. The company wants to maintain a target capital structure that is 60% debt and 40% equity. The company forecasts that RARatinconma this vear will be $600 000 Ifthe comnany follows a residual distribution (14-2) Residual Distribution 30% debt-to-total-assets ratio for its capital structure and to maintain its dividend policy in which at the end of each year it distributes 55 % of the year's net income. This year's net income was $8 million. How much external equity must Gardial seek now to expand as planned? Suppose you own 2,000 common shares of Laurence Incorporated. The EPS is $10.00, the DPS is $3.00, and the stock sells for $80 per share. Laurence announces a 2-for-1 split. Immediately after the split, how many shares will you have, what will the adjusted EPS and DPS be, and what would you expect the stock price to be? (14-7) Stock Split Fauver Enterprises declared a 3-for-1 stock split last year, and this year its dividend is $1 50 per share, This total dividend payout represents a 6% increase over last year's pre- (14-8) Stock Split