Question $1($Show your workings$)$

Camel Sdn$.$ Bhd$.$ is forecasting an EBIT of RM$2,000,000$ for the upcoming year. The

company's capital structure comprises $30\%$ debt and $70\%$ equity, and its marginal tax rate

is $40\%.$ The company pays a $10\%$ interest rate on its RM$360,000$ long$-$term debt.

Additionally, there are one million shares of common stock outstanding. In the upcoming

capital budgeting cycle, the firm plans to finance a significant NPV$-$positive project costing

RM$1,200,000,$ and it intends to fund this project based on its target capital structure.

Assuming the company follows a residual dividend policy:

a$.$ What is its expected dividend payout ratio?

b$.$ What is the expected dividend per share?

c$.$ What is the retention ratio?