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. X The dividend payout ratio in 2019 is %. (Round to two decimal places.) Data table (Click on the icon here e in order to copy the contents of the data table below into a spreadsheet.) Year 2019 2020 2021 2022 EPS $1.72 $1.92 $2.01 $2.21 Dividend/share $0.83 $1.04 $1.07 $1.10 Print Done