Conifers Ltd, a tree relocation company, follows a stable plus special dividend policy. The company recently (2022) had earnings available to common shareholders of R500m on sales of R4b and has 250m shares outstanding. The company maintains a stable pay-out ratio of 10% and issues special dividends whenever its net profit margin exceeds 10%. Special dividends amount to all profits exceeding 50% of the amount, after the stable dividend had been deducted. Determine the total dividend that Conifers Ltd will pay per share in 2022 and choose the nearest option below. a. R0.05 b. R0.50 c. R1.05 d. R1.10