Alternative dividend policies Given the earnings per share over the period 2015-2022 shown in the following table, 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 $0.70 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. Alternative dividend policies Given the earnings per share over the period 2015-2022 shown in the following table, 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 $0.70 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