What are the main implications of John Linmer's dividend model'iI (a) A firm should never pay any dividends. (b) A rm should always pay a dividend equal to its EPS (earnings per share]. (C) A firm has to strike a balance. On the one hand, it should pay a dividend to share some of its earnings with its shareholders. [in the other hand, its dividend should not be too high, because that might lead to a cut in the divid-d in a following year, which leads to a negative reaction among shareholders. ('21) If EPS is bigger than last year's divid-d, the rm should pa};r out the difference as a dividend. If EPS is smaller than last year's dividend, the firm should engage in share repurchases