A firm has had the indicated earnings per share over the last three years. Year EPS 2003 $3.00 2002 $2.00 2001 $1.00 a. If the firm's dividend policy was based on a constant payout ratio of 50 percent, determine the annual dividend for each year. (insert answer here) If the firm's dividend policy was based on a fixed dollar payout policy of 50 cents per share plus an extra dividend equal to 75 percent of earnings per share above $1.00, determine the annual dividend for each year (insert answer here)