(Alternative dividend policies) Final earnings estimates for the Smithfield Meat Packing Company have been prepared for the CFO of the company and are shown in the following table: . The firm has 7,300,000 shares of common stock outstanding. As assistant to the CFO, you are asked to determine the yearly dividend per share to be paid depending on the following possible policies: a. A stable dollar dividend targeted at 50 percent of earnings over a 5-year period. b. A small, regular dividend of $0.60 per share plus a year-end extra when the profits in any year exceed $21,000,000. The year-end extra dividend will equal 60 percent of profits exceeding $21,000,000. c. A constant dividend payout ratio of 45 percent. ..... a. What is the yearly dividend per share to be paid depending on a stable dollar dividend targeted at 50 percent of earnings for years 1 through 5? $ per share (Round to the nearest cent.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.) YEAR 1 2 PROFITS AFTER TAXES $19,000,000 22,000,000 20,000,000 24,000,000 26,000,000 3 4 5 Print Done