Banerjee Inc. wants to maintain the target capital structure with 30% debt and 70% equity. Its forecasted net income is $375,000, and its board of directors has decreed that no new stock can be issued throughout the coming year. If the firm follows the residual dividend policy, what is the maximum capital budget that is consistent with maintaining the target capital structure? $648,214 $637,500 $439,286 $535,714 $476,786