a) Quecha Ltd is planning its dividend policy and has the following expectations regarding its future profits: Year 2020 2021 Profits After Taxes $ 13,000,000 16,000,000 The balance sheet currently shows the following amounts in the Equity section: Share Capital (par value $0.50): $20,000,000 Required: Determine the yearly dividend per share for 2020 and 2021 to be paid if the following policies are enacted: (i) Constant dividend payout ratio of 20 percent. (4 marks) (ii) Stable dollar dividend targeted at 40 percent of the earnings over the 2-year period. (4 marks) (iii) A regular dividend of $0.10 per share plus a year-end bonus when the profits in any year exceed $14,000,000. The year-end bonus dividend will equal 90 percent of profits exceeding $14,000,000