3. Idol Corporation is contemplating adopting a residual dividend policy. It has a debt/equity ratio of 3.0 and a BB bond rating. In the coming year, it will undertake all capital budgeting projects with a positive NPV (resulting in a planned capital expenditure of $100 million). Its total assets are $890 million and its expected earnings after tax are $50 million. If Idol Corporation has 12.5 million shares outstanding, what is the dividend per share that Idol Corporation would pay next year