A financial analyst is attempting to assess the future dividend policy of Interactive Technology by examining its life cycle. She anticipates no payout of earnings in the form $2/4$Corporate FinanceAssignment $1$of cash dividends during the developmental stage, $().$ During the growth stage, $($l$),$ she anticipates $10$ percent of earnings will be distributed as dividends. As the firm progresses to the expansion stage, $($ll$),$ the payout will go up to $40$ percent, and eventually reach $60$ percent during the maturity stage,$-($IV$).$ A$)$ Assuming EPS will be as follows during each of the four stages, indicate the cash dividend per share $($if any$)$ during each stage Stage I Stage I Stage III. Stage IV $$0\mathrm{.}202\mathrm{.}002,803\mathrm{.}00$ Assume in Stage IV that an investor owns $425$ shares and is in a $31\mathrm{.}33$ percent L$,$ marginal combined tax bracket for dividends. What will be the investor's aftertax income from the cash dividend? C$)$ In what two stages is the firm most likely to utilize stock dividends or stock splits?