(8 pts) 8. (8 pts) 9. In 2020, Toyota Motor Corporation (TM) paid total cash dividends of $625,514,000 and had net income of $2,250,000,000. TM has 1,390,000,000 shares of common stock outstanding and the current market price per share of the common stock is $184. Required: a) Determine and explain the earnings per share. b) Determine and explain the dividends per share. c) Determine and explain the dividend yield. d) Determine and explain the dividend payout ratio. Caleb Corp. purchases on average $2,000,000 worth of materials each day on credit terms of 3/15, n/40. Caleb always pays on day 40, never taking the discount. Caleb does this because they do not collect from customers until the end of the month. Caleb could borrow money from a bank at a rate of 18%. Explain through computations why it might be better for Caleb to borrow the money from the bank.