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. Profitable Capital Net Income $13 million 20 million 18 million 14 million 19 million Expenditure $ 7 million 12 million 6 million 8 million 9 million Year 3 The Hastings Corporation has 3 milion shares outstanding (The following questions are separate a f he marginal principle of retained eanmings is applied, how much in total cash dividendis will be from each other). paid over the five years? (Enter your answer in millions.) Total cash dividends b. If the firm simply uses a payout ratio of 20 percent of net income, how much in total cash dividends will be paid? (Enter your answer in millions and round your answer to 1 decimal place.) cash dividends million c. If the firm pays a 20 percent stock dividend in years 2 through 5, and also pays a cash dividend of $3.40 per share for each of the five years, how much in total dividends will be paid