49. Adam Incorporated had excess cash of $2,500, net income of $600 and 100 shares outstanding last year. They retained 80% of their income to fund new projects. Next year they are planning to have $1,200 in new investments. Their debt to equity ratio is 0.7 and they follow a stable dividend policy. If net income is projected to be $800 next year, what will be the amount of dividend per share that Adam Inc. will pay next year? A. $1.00 & $1.20 C. $3.29 D. $3.52 E. $4.70