please answer all parts

(Constant dollar dividend payout polion) Parker Prints is in negotiation with two of its largest custorners to increase the frmis sales dramaticaly. The increase wit requiro that Parker expand ta production tack ties at a coot of $30 milion. Parker expects to pay out 59 million in divisends to to shareholders next year. Parver maintairs a 40 persent debt rato in its caotal structire a. If Paiker eams $12 milion noxt year, how much common stock will the tom need to soll in order to mantain its target capital structure? b. If Parker wants to avold seling any new stock, how much can the fitm spend on new capital expenditurter? a. It Parker earns $12 million next yeac, how much common slock will the firm need to sell in order to maintain its target casital structure? million. (Round to two decimal places.)