QUESTION 5 Suppose a company has $640 million in planned capital spending representing positive NPV projects. The company's debt to capital ratio is 50% and the payout ratio is 23% Calculate the company's expected dividend if earnings for the perfod ar $500 million and it follows a midual dividend policy O $45.8 milion O $0 million O $54.4 million $132 million O $218 million QUESTION 6 The dividend policy of Berkshire Gardens Inc. can be represented by a gradual adjustment to a target dividend payout ratio. Last year Berkshire had earnings per share of $3.00 and paid a dividend of $0.60 a share. This year it estimates earnings per share will be $4.00. Find its dividend per share for this year has a 25% target payout it and he a ten-year period to adjust its dividend. SO 65 $0.625 $0.575. $0.5 $0.025