In doing a five-year analysis of future dividends, the Dawson Corporation is considering the following two plans. The values represent dividends per share. Use Arrendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods Year Plan Plan 1 $1.70 $0.50 2 1.70 2.40 3 1.70 0.30 4 1.90 3.00 5 1.90 1.60 a. How much in total dividends per share will be paid under each plan over five years? (Do not round intermediate calculations and round your answers to 2 decimal places.) Answer is complete but not entirely correct. Plan A Plan B Total Dividends 9.80 3 $ 10.30 b-1. Mr. Bright, the Vice-President of Finance, suggests that stockholders often prefer a stable dividend policy to a highly variable one. He will assume that stockholders apply a lower discount rate to dividends that are stable. The discount rate to be used for Plan A is 7 percent the discount rate for Plan B is 11 percent. Compute the present value of future dividends. (Do not round intermediate $ calculations and round your answers to 2 decimal places.) Answer is complete but not entirely correct. Present Value of Future Dividends Plan A $ 6.97 Plan B $ 6.28 3 b-2. Which plan will provide the higher present value for the future dividends? Plan A Plan B