8. The dividend policy of Berkshire Gardens Inc. can be represented by a gradual adjust- ment to a target dividend payout ratio. Last year Berkshire had carnings per share of $3.00 and paid a dividend of $0.60 a share. This year it estimates earnings per share will be $4.00. Find its dividend per share for this year if it has a 25% target payout ratio and uses a five-year period to adjust its dividend. A. $0.65. B. $0.80. C. $0.85. a