Question: please show work neatly preferable not using excel. 8. Here is Apple's plan for the coming year: (1) expand the R&D center in California for

 please show work neatly preferable not using excel. 8. Here is

please show work neatly preferable not using excel.

8. Here is Apple's plan for the coming year: (1) expand the R\&D center in California for a total cost of $137 million; (2) build an alternative supply chain for a total cost of \$23 million; (3) lay off non-R\&D employees to save $17 million. Apple's ideal capital structure is 45% debt and 55% equity. Apple's net income this year is $97.54 million. What is the total amount of dividends Apple should distribute this year? [ 10 points]

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