Closets & Clothes, Inc's target dividend payout ratio is 75 percent. The company just paid a dividend of $2.00 per share of stock.

Closets & Clothes, Inc. expects to have an earnings per share of $10.00 one year from now. The adjustment coefficient is 0.50

In one year, Closets & Clothes, Inc. will increase its dividend per share by ____________

This means, in one year it will pay a $ ____________ dividend on each share.

If Closets & Clothes, Inc. continues seeing such high earnings year after year in the future, then its dividend will be gradually increasing to its new target level of $ ___________