Assume I had IWT that completed IPO 112.5 million and a capital budget for the next year contain 80 .

Assume I had IWT that completed IPO 112.5 million and a capital budget for the next year  contain 80 .% equity and I owe 20 % debt  and has income of 140 million  what is total dollar distribution use residual distribution  to determine IWT and  assume the distribution is in is in a form of dividend and IWT has 100 million shares of stock what is the forecast pay out ratio?, what is dividend per share? What would happen to pay out ratio and DPS if the net income were decrease to 90 million  and increase to 160 million.