Alternative dividend policies Over the last 10 years, a firm has had the earnings per share shown in the following table: a. If the firm's dividend policy were based on a constant payout ratio of 40% for all years with positive earnings and 0% otherwise, the annual dividend for 2019 is $ (Round to the nearest cent.) b. If the firm had a dividend payout of $1.00 per share, increasing by $0.10 per share whenever the dividend payout fell below 50% for two consecutive years, the annual dividend the firm would pay in 2019 is $ (Round to the nearest cent.) c. If the firm's policy were to pay $0.50 per share each period except when earnings per share exceed $3.00, when an extra dividend equal to 80% of earnings beyond $3.00 would be paid, the annual dividend the firm would pay in 2019 is $ (Round to the nearest cent.) d. Which policy uses a constant-payout ratio which will yield low or no dividends if earnings decline or a loss occurs? (Select the best answer below.) A. The policy described in part a. B. The policy described in part b. O C. The policy described in part c. Data table Which policy uses a low-regular-and-extra dividend policy giving investors a stable income? (Select the best answer below.) in order to copy the contents of the data table below (Click on the icon here into a spreadsheet.) A. The policy described in part a. Year Year B. The policy described in part b. O C. The policy described in part c. 2022 2021 2020 2019 2018 Earnings per share $4.00 $3.80 $3.20 $2.80 $3.20 2017 2016 2015 2014 2013 Earnings per share $2.40 $1.20 $1.80 - $0.50 $0.25