Alternative dividend policies Given the eamings per share over the period 2012-2019 shown in the following table determine the annual dividend per share under each of the policies set forth in parts a through d. a. Payout 40% of eamings in all years with positive earnings b. Pay $0.50 per share and increase to 50 70 per share whenever earnings per share rise above 50 90 per share for two consecutive years c. Pay 50.50 per share except when earnings exceed $1.00 per share, in which case pay an extra dividend of 50% of earnings above $1.00 per share. d. Combine policies in parts band e. When the dividend is raised in part b), raise the excess dividend base (in part c) from $1.00 to 51.10 per share e. Compare and contrast each of the dividend policies described in parts a through d. a. If the fim pays out 40% of eamings in all years with positive earnings, the annual dividend the firm would pay in year 2015 is SL (Round to the nearest cont) Data Table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet) Year Earnings per share 2019 $123 2018 $166 2017 $1.32 2016 - $0.58 2015 $1.05 2014 50.65 2013 50.93 2012 50.45 Enter your answer in the answer bo 8 pants remaining Print Done Check