The Sharpe Co. just paid a dividend of $1.80 per share of stock. Its target payout ratio is 40 percent. The company expects to have earnings per share of $5.41 one year from now. a. If the adjustment rate is 3 as defined in the Lintner model, what is the dividend one year from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. If the adjustment rate is .6 instead, what is the dividend one year from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Dividend b. Dividend c. Which adjustment rate is more conservative? .6