Phillips Rock and Mud is trying to determine the maximum amount of cash dividends it can pay this year. Assume its balance sheet follows: as Assets Cash S 312,500 800,000 987,500 Accounts receivable Fixed assets Total assets $2,100,000 Liabilities and Stockholders' Equity Accounts payable Long term payable Common stock (250,000 shares at $2 par) Retained earnings 445,000 280,000 500,000 875,000 $ 2,100,000 Total liabilities and stockholders' equity a-1. From a legal perspective, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividends per share a-2. Is this realistic? Yes No b. In terms of cash availability, what is the maximum amount of dividends per share the firm could pay? (Do not round intermediate calculations and round your answer to 2 decimal places.) Dividends per share c. Assume the firm earned an 16 percent return on stockholders' equity last year. If the board wishes to pay out 60 percent of earnings in the form of dividends, how much will dividends per share be? (Do not round intermediate calculations and round your answer to 2 deci mal places.) Dividends per share