Currently the firm has total market value of debt $60 million and total market value of equity $40 million. This capital structure is considered optimal by the management. The optimal capital budget for new investment for the coming period is determined to be $30 million. The total net income is estimated to be $20 million. The firm has 2 million common shares outstanding. The firm pays dividend based on the residual policy. What would the dividend per share for existing shareholders be for the coming period? Select one: a. $4 b. $4.5 c. $0 d. $3.5 e. $5 10:02