The board of Kopi Industries is considering a new dividend policy that would set dividends at 52% of earnings. The recent past has witnessed earnings per share (EPS) and dividends paid per share as follows: ::. Based on Kopi's historical dividend payout ratio, discuss whether a constant payout ratio of 52% would be suitable for the firm. The dividend payout ratio in 2016 is %. (Round to two decimal places.) The dividend payout ratio in 2017 is %. (Round to two decimal places.) The dividend payout ratio in 2018 is %. (Round to two decimal places.) The dividend payout ratio in 2019 is %. (Round to two decimal places.) Based on Kopi's historical dividend payout ratio and earnings history evidenced by EPS, would a constant payout ratio of 52% be suitable for the firm? (Select the best answer below.) Yes, because earnings appear to be growing and the average payout percentage has generally been close to 52%. No, because Kopi Industry failed to pay out at least 52% of its earnings in two of the past four years. a Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year 2016 2017 2018 2019 EPS $2.02 $2.25 $2.37 $2.60 Dividend/share $0.98 $1.22 $1.26 $1.30