Residual dividend policy

[Gongeit-42]

Mansker Station Corporation has declared an annual dividend of $0.80 per share. For the year just ended, earnings were $6.40 per share.
a) What is Mansker Station's payout ratio?
b) Suppose Mansker Station has 7 million shares outstanding. Borrowing for the coming year is planned at $18 million. What are planned investments outlays assuming a residual dividend policy? What target capital structure is implicit in these calculations?

[factor-fiction]

Why not just copy a fellow student's answers. Or have a go yourself?
A 'please' would help.

[factor-fiction]

And surely the answers should be easy for anyone doing the course' I'm no student but i coould have a good go at these. For example(a) would i guess be 1 in 8 (i.e.1:7).

If you have a go and suggest some answers someone like me may tell you if you are right.

I'm not doing your course work for you unless you show you've put some effort in