(Long-term residual dividend policy) Stetson Manufacturing, Inc., has projected its investment opportunities over a five-year planning horizon. The cost of each year's investment and the amount of internal funds available for reinvestment for that year is as follows. The firm's debt-equity mix is 35 percent debt and 65 percent equity. There are currently 100,000 shares of common stock outstanding. a. What would be the dividend each year if the residual dividend theory were used on a year-to-year basis? b. What target stable dividend can Stetson establish by using the long-term residual dividend theory over the future planning horizon? c. Why might a residual dividend policy applied to the five years as opposed to individual years be preferable