NO 1: Bowles Sporting Inc. is prepared to report the following income statement (shown in thousands of dollars) for the year 2009. Sales Operating costs including depreciation EBIT Interest EBT Taxes (40%) Net income $15,200 (11,900) $ 3,300 (300) $ 3,000 (1,200) $ 1,800 Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 500,000 shares of stock outstanding, and its stock trades at $48 per share. a. The company had a 40% dividend payout ratio in 2008. If Bowles wants to maintain this payout ratio in 2009, what will be its per-share dividend in 2009? b. If the company maintains this 40% payout ratio, what will be the current dividend yield on the company's stock? c. The company reported net income of $1.5 million in 2008. Assume that the number of shares outstanding has remained constant. What was the company's per-share dividend in 2008? d. As an alternative to maintaining the same dividend payout ratio, Bowles is considering maintaining the same per-share dividend in 2009 that it paid in 2008. If it chooses this policy, what will be the company's dividend payout ratio in 2009