The board of Kopi Industries is considering a new dividend policy that would set dividends at 55% of earnings. The recent past has witnessed earnings per share (EPS) and dividends paid per share as follows: Based on Kopis historical dividend payout ratio, discuss whether a constant payout ratio of 55% would be suitable for the firm The dividend payout ratio in 2016 is % (Round to two decimal places.) 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 $164 $1.83 $1.92 $2.11 Dividend/share $0.84 $1.05 $1 08 $1.11 Print Done