Alternative dividend policies Over the last 10 years, a firm has had the eamings per share shown in the following table III. a. If the firm's dividend pollcy were based on a constant paycut ratio of 40% for at years whith pos ove earrings and 0% oilhembo, what would be the ancial dividend for 2015 ? b. If the firm had a dividend payout of $1:00 per share, increasing by 5010 per share whonover the dolddend parcol fol betow 508 for tro conseculive years what annual dividend would the firm pay in 2015 ? beyond $3.00 would be paid, what annual dividend would the firm pay in 2016 ? d. Digcuss the pros and cons of each sividend polity described in paits a through E a. II the firm's dividend pollcy ware based on a constant peyout ratio of 45% for all years with poskite aarnings and 0%6 othemise, the arnual avidend for 2015 : (Round to the nearest cent) Data table (Cick on the icon hire pi in ordor to obgy the coctonts of etre data tabie telow: irie a sproatshect