8 Cost of Equity Share Capital. The dividend per share (DPS) paid by the directors of Carolynco Textile Systems over the period 1994 to 1999 is presented below.

Year Dividend per Share (DPS)
1999 £0.44 1998 £0.41 1997 £0.38 1996 £0.35 1995 £0.32 1994 £0.30