The earnings for Harmony Pianos, Inc., have been predicted for the next five years and are listed in the following table. There are 1 million shares outstanding. Determine the yearly dividend per share to be paid if the following policies are enacted: a. Constant dividend payout ratio of 40 percent. b. Stable dollar dividend targeted at 40 percent of the earnings over the five-year period. c. Small, regular dividend of $0.50 per share plus a year-end extra when the profits in any year exceed $1, 500,000. The year-end extra dividend will equal 50 percent of profits exceeding $1, 500,000