The MedTech Company recently reported net profits after taxes of $15.6 million. It has 2.9 million shares of common stock outstanding and pays preferred dividends of $0.8 million per year.

a. Compute the firm's earnings per share (EPS).

b. Assuming that the stock currently trades at $53.81 per share, determine what the firm's dividend yield would be if it paid $3.36 per share to common stockholders.

c. What would the firm's dividend payout ratio be if it paid$3.36 per share in dividends?