Worthington Corporation has declared an annual dividend of $.90 per share. For the year just ended, earnings were $6.50 per share.b) Suppose...

Worthington Corporation has declared an annual dividend of $.90 per share. For the year just ended, earnings were $6.50 per share.b) Suppose Worthington has 6.3 million shares outstanding. Borrowing for the coming year is planned at $16 million. What are the planned investment outlays assuming a residual dividend policy? What target capital structure is implicit in these calculations?