A Firm Has 300,000 Shares of Common Stock Outstanding and Maintains

A firm has 300,000 shares of common stock outstanding and maintains a debt-equity ratio of.5. The earnings estimate for next year is $90,000. What is the maximum amount of capital spending that can occur without the firm issuing any additional equity?

A) $30,000
B) $45,000
C) $60,000
D) $90,000
E) $135,000