Alternative dividend policies Given the earnings per share over the period 2008-2015 shown in the following table, EEB, determine the annual dividend per share under each of the policies set forth in parts a through d a. Pay out 40% of earnings in all years with positive earnings. b. Pay $0.60 per share and increase to S0.80 per share whenever earnings per share rise above $0.90 per share for two consecutive years c. Pay $0.60 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 b and c. When the dividend is raised (in part b), raise the excess dividend base (in part c) from $1.00 to $1.10 per share e. Compare and contrast each of the dividend policies described in parts a through d a. If the firm pays out 40% of earnings in all years with positive earnings the annual dividend the firm would pay in year 2014 is $. Round to the nearest cent. Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year Earnings per share 2015 2014 2013 2012 2011 2010 2009 2008 $1.55 $1.62 $1.36 - $0.98 $0.64 S0.99 50.37