es Selected financial information for Uncle Frank's is provided in the table below. Selected Financial Information...

 

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es Selected financial information for Uncle Frank's is provided in the table below. Selected Financial Information Uncle Frank's Adult Entertainment Inc. Dividend per Share Target Payout Ratio Earnings per Share Adjustment Factor For Year 1 $1.2 60% $2.00 0.098 Uncle Frank's Adult Entertainment Inc. sets its dividend using the target payout ratio policy. Uncle Frank is hoping to raise the dividend (next year) by $0.01 per share. What does EPS have to be next year to achieve that dividend increase? Round your answer to the nearest cent. es Selected financial information for Uncle Frank's is provided in the table below. Selected Financial Information Uncle Frank's Adult Entertainment Inc. Dividend per Share Target Payout Ratio Earnings per Share Adjustment Factor For Year 1 $1.2 60% $2.00 0.098 Uncle Frank's Adult Entertainment Inc. sets its dividend using the target payout ratio policy. Uncle Frank is hoping to raise the dividend (next year) by $0.01 per share. What does EPS have to be next year to achieve that dividend increase? Round your answer to the nearest cent.