Alternative dividend policies Over the last 10 years, a firm has had the earnings per share shown in the following table . If the firm's dividend policy were based on a constant payout ratio of 40% for all years with positive earnings and 0% otherwise, what would be the annual dividend for 2019 . If the firm had a dividend payout of $1.00 per share, increasing by $0.10 per share whenever the dividend payout below 50% for two consecutive years, what annual dividend would them pay in 20197 . If the firm's policy were to pay 50 50 per share each period except whenemings per share exceed $300, when an extra vend equal t o fangs beyond $300 would be pad wat anal Sividend would them pay in 20197 3. Discuss the pros and cons of each duidend policy described in parts a through . If the firm's dividend policy were based on a constant payout ratio of 40for all years with positive earnings and otherwise, the annual dividend for 2019 Round to the nearest cent) Data Table (Click on the son located on the top right corner of the data table below in order to copy contesto spreadsheet) Earnings per Share 2019 2018 $368 $3 71 Year 2014 2013 2012 2011 2010 Earnings per share $350 5107 51 08 - S0 88 50 23 nter your answer in the answer box and then click Ched 2016 Check Answer $4.65 parts