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b . If the firm simply uses a payout ratio of 3 0 percent of net income, how much in total cash dividends will be

b. If the firm simply uses a payout ratio of 30 percent of net income, how much in total cash dividends will be paid?
Note: Enter your answer in millions and round your answer to 1 decimal place.
Total cash dividends
million
c. If the firm pays a 20 percent stock dividend in years 2 through 5, and also pays a cash dividend of $2.40 per share for each of the
five years, how much in total dividends will be paid?
Total cash dividends
d.Assume the payout ratio in each year is to be 20 percent of the net income and the firm will pay a 10 percent stock dividend in years 2 through 5, how much will dividends per share for each year be?(Assume the cash dividend is paid after the stock dividend.)
Note: Round your answers to 2 decimal places.
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