Stephenson & sons has a capital structure that consists of 20% equity and 80% debt. the company expects to report $3 million in net income this year, and 60% of the net income will be paid out as dividends. how large can the firm's capital budget be this year without it having to issue any new common stock? a. 1.20 millionb. 13.00 millionc. 1.50 milliond. 0.24 millione. 6.00 million

6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next