Hello and thanks so much for the request.
PLEASE do not forget to rate and submit my responses so I receive credit.
The answer is
(a) $898,750 55.63%
Capital budget $725,000
Equity ratio 55%
Dividends paid $500,000
NI=Divs + (Eq % × Cap Bud) $898,750
Payout = Dividends/NI 55.63%
All the best. Feel free to continue to request me anytime.