Oliver Industries is a family owned company. It has been using the residual dividend model, but family members who hold a majority of the stock want more cash dividends, even if that means a slower future growth rate. As the finance officer of the company, you were tasked to evaluate different dividend policies that can be adopted starting next year. You have gathered the following information in relation to your analysis: Neither the net income nor the capital structure will change during the coming year as a result of a dividend policy. Compute for the expected dividend per share next year under the following dividend policies. Note: Do not round intermediate calculations and round-off your final answers to 2 decimal places a. Residual dividend policy if estimated capital budget requirement next year amounted to $400,000. b. Constant payout ratio of 60%. c. Low regular dividend of $2.50 plus extra $1.60 peso for every $10,000 above the target net income of $500,000. d. Regular dividend totalling $600,000 per year. e. Which of the three alternative dividend policy/ies will provide a higher dividend than the current policy