The board of Kopi Industries is considering a new dividend policy that would set dividends at 47% of earnings. The recent past has witnessed earnings per share (EPS) and dividends paid per share as follows: 1. Based on Kopi's historical dividend payout ratio, discuss whether a constant payout ratio of 47% 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 o. (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 47% be suitable for the firm? (Select the best answer below.) O Yes, because earnings appear to be growing and the average payout percentage has generally been close to 47%. O No, because Kopi Industry failed to pay out at least 47% of its earnings in two of the past four years. 1: 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 EPS Dividend/share 2016 $1.99 $0.87 2017 $2.22 $1.09 2018 $2.33 $1.12 2019 $2.56 $1.16