A firm has had the indicated earnings per share over the last three years (You must show your work to earn credit Year EPS 2021 $2.50 2020 1.80 2019 1.60 (a) If the firm's dividend policy was based on a constant payout ratio of 60 percent, determine the annual dividend for each year. (b) If the firm's dividend policy was based on a fixed dollar payout policy of 60 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