a. From a legal perspective, what is the maximum amount of dividends per share the fim could pay? Is this realistic? b. In terms of cash avallability, what is the maximum amount of dividends per share the firm could pay? c. Assume the firm eamed 18 percent retum on stockholders' equity last year. If the board wishes to pay out 50 percent of eamings in the form of dividends, how much will dividends per share be? (Round to two places to the right of the decimal point.) Solution Problem 18-14 Instructions Enter formulas to calculate the requirements of th a. From a lecal oersoective, what is the maximum amount of dividends per share the firm could pay? Is this realistic? b. In terms of cash availablity, what is the maximum amount of dividends per share the fim could pay? Maximum dividend c. Assume the firm eamed 18 percent retum on stockholders' equity last year. If the board wishes to pay out 80 percent of eamings in the form of dividends, how much will dividends per share be? (Round to two places to the right of the decimal point.)