1. Jet Air, Inc. has had earnings of $3.20, $3.00, and $5.50 per share for the past three years. The firm anticipates maintaining the same dividend policy this year as the past three years. That dividend policy has resulted in dividends per share of $1.28, $1.20, and $2.20 for the past three years. It is anticipated that the next year will result in a large increase in earnings to $9.80 per share. What dividend do you expect the firm to pay in the next year?