Years 1-5 URGENT PLEASE

The firm has 4,000,000 shares of common stock outstanding. As assistant to the CFO, you are asked to determine the yearly dividend per (Alternative dividend policies) Final earnings estimates for the Smithfield Meat Packing Company have been prepared for the CFO of the company and are shown in the following table: share to be paid depending on the following possible policies a. A stable dollar dividend targeted at 30 percent of earnings over a 5-year period. b. A small, regular dividend of $0.60 per share plus a year-end extra when the profits in any year exceed $18,000,000. The year-end extra dividend will equal 50 percent of profits exceeding $18,000,000 c. A constant dividend payout ratio of 40 percent. a. What is the yearly dividend per share to be paid depending on a stable dollar dividend targeted at 30 percent of earnings for years 1 through 5? $ per share (Round to the nearest cent.) b. Determine the yearly dividend per share to be paid depending on a small, regular dividend of $0.60 per share plus a year-end extra when the profits in any year exceed $18,000,000. The year-end extra dividend will equal 50 percent of profits exceeding $18,000,000 YEAR DIVIDEND (Round to the nearest cent.) YEAR DIVIDEND i Data Table (Round to the nearest cent.) $0 YEAR DIVIDEND (Click on the following icon in order to copy its contents into a spreadsheet.) $ (Round to the nearest cent.) YEAR YEAR DIVIDEND (Round to the nearest cent.) U AWNI PROFITS AFTER TAXES $12,000,000 15,000,000 19,000,000 23,000,000 25,000,000 YEAR DIVIDEND $ (Round to the nearest cent.) c. Determine the yearly dividend per share that will be paid assuming a constant dividend payout ratio of 40 ercent. Print Done YEAR DIVIDEND SU (Round to the nearest cent.) YEAR DIVIDEND $17 (Round to the nearest cent.) YEAR DIVIDEND (Round to the nearest cent.) YEAR DIVIDEND