The Hastings Sugar Corporation has the following pattern of net income each year, and assoclated 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 dlvidends. The Hastings Corporation has 3m illon shares outstanding. (The following questions are separate from each other.) a. If the marginal principle of retained earnings is applied, how much in total cash dlvidends will be paid ower the five years? Note: Enter your answer in millions. b. If the firm simply uses a payout ratio of 50 percent of net income, how much in total cash dividends will be paid? Note: Enter your answer 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 also pays a cash dividend of $2.40 per share for each of the five years, how much in total dlvidends will be paid? d. Assume the payout ratio in each year is to be 40 percent of the net income and the firm will pay a 30 percent stock dividend in years 2 through 5 , how much will dividends per share for each year be? (Assume the cash dlvidend is paid after the stock dividend.) Note: Round your answers to 2 decimal places