A company uses a 50% dividend payout ratio to pay its dividends. Just a few days ago it paid a $1.50 per-share dividend. One year from now the company expects its earning per share to reach $4.92. Recall the Lintner's model (see Ch.19). What does the model predict per-share dividend to be depending on that company's "adjustment coefficient"? Calculate the company's next year's per-share dividend if ... a. ... the adjustment coefficient equals .4. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. ... the adjustment coefficient equals .7. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. Which of the two adjustment coefficients (see above) would you call more conservative? .4 .7