has 7.600,000 shares of common stock outstanding As assiatant to the CFO, you are asked to determine the yearty dividend per share to be pard depending on the folowing possibie policies. a. A stable dolar divilend targeled at 40 percent of earnings over a 5 -year period. b. A small, regular dividend of $0,70 per share plus a year-end extra when the profits in any year exceed $20,000,000. The year-and extra dividend wit equa 50 percent of profits exceeding $20,000,000 c. A constane dividend payout rato of 45 percent. a. What is the yeany dindend per chare to be paid depending on a sable dollar dividend targeted at 40 percent of earrings for years 1 through 5 ? I per thare (Round to the nearest cent.) f$0.70. per share plus a year-end extra when the profits in any year exceed $20,000,000. The t ratio of 45 percent. Data table (Click on the following icon in order to copy its contents into a spreadsheet.)