Boehm Corporation has had stable earnings growth of 4% a year for the past 10 years, and in 2015 Boehm paid dvidendid ni earnings are expected to jump to $24 million,and Boehm plans to invest $1.7 millon in a plant expansion. This one-time unusual earnings 2016 Boehm will return to its previous 4% earnings growth rate. Its target debt ratio is 35%. le e e este ni m on " net nut growth won't be maintained, though, and after The data has been collected in the Microsoft Excel Online flile below., Open the spreadsheet and perform the required analysis to answer the questions below Open spreadsheet a. Calculate Boehm's total dividends for 2016 under each of the following policies. Enter your answers in dollars. For example: $2.9 million should be entered as $2,900,000. Do not round Intermediate calculations. Round your answers to the nearest dollar 1. Its 2016 dividend payment is set to force dividends to grow at the long-run growth rate in earnings 2. It continues the 2015 dividend payout ratio nnanced with debt 3. It uses a pure residual policy with all distributions in the form of dvidends (35% or the $1 1.7 milion investment 4. It employs a regular-dividend-plus-extras policy, with the regular dividend being based on the long-run growth rate and the estra dividend being set according to the residual policy. How much will the extra dividend be? b. Which of the preceding policies would you recommend? Restrict your choices to the ones listed