The Hastings Sugar Corporation has the following pattern of net income each year, and associated capital expenditure projects. The firm can earn a higher return on the projects than the stockholders could earn if the funds were paid out in the form of dividends. The Hastings Corporation has 2 milion shares outstanding. (The followng questions are separate from each other). a. If the morginal principle of retained earnings is applied, how much in total cash dividends will be paid over the five years? (Enter your answer in millions.) b. If the firm simply uses a payout ratio of 30 percent of net income, how much in total cash dividends will be paid? (Enter your answen in millions and round your answer to 1 decimal place.) C. If the firm pays a 10 percent stock dividend in years 2 through 5 , and aiso pays a cash dividend of $2.40 per share for each of the five years. how much in total dividends will be paid? d. Aswume the payout ratio in each year is to be 30 percent of the net income and the firm will pay-a 20 percent stock dividend in years 2 through 5 , how much will dividends per share for each year be? (Assume the cash dividend is paid after the stock dividend.) (Round your answers to 2 decimal places.)