=+LG 4 E14–4 The board of Kopi Industries is considering a new dividend policy that would set dividends at 60% of earnings. The recent past has witnessed earnings per share

(EPS) and dividends paid per share as shown in the following table.

Year EPS Dividend/share 2016 $1.75 $0.95 2017 1.95 1.20 2018 2.05 1.25 2019 2.25 1.30