a$.$ From a legal perspective, what is the maximum amount of dividends per share the firm could pay?

Is this realistic?

b$.$ In terms of cash availability, what is the maximum amount of dividends per share the firm could pay?

c$.$ Assume the firm earned $18$ percent return on stockholders$$ equity last year. If the board wishes to

pay out $50$ percent of earnings in the form of dividends, how much will dividends per share be$?$

$($Round to two places to the right of the decimal point.$)$