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Please help me calculate C & D. thank you c. Ifthe rm pays a 20 percent stock dividend in years 2 through 5, and also

Please help me calculate C & D. thank you

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c. Ifthe rm pays a 20 percent stock dividend in years 2 through 5, and also pays a cash dividend of $3.40 per share for each of the five years, how much in total dividends will be paid? Total cash dividends d. Assume the payout ratio in each year is to be 20 percent ofthe net income and the firm will pay a 10 percent stock dividend in years 2 through 5, how much will dividends per share for each year be? (Assume the cash dividend is paid after the stock dividends) (Round your answers to 2 decimal places.) Dividends per 1 2 3 4 5 The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital expenditure projects. The firm can earn a higher return on the projects than the stockholders could earn if the funds were paid out in the form of dividends. Profitable Capital year Net Income Expenditure 1 $13 million $ 7 million 2 20 million 12 million 3 18 million 6 million 4 14 million 8 million 5 19 million 9 million The Hastings Corporation has 3 million shares outstanding. (The following questions are separate from each other)

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