please answer question A , B and C. show proper steps and calculation.

PROBLEMS 22.1 Dividend Per Share Akshay Ltd expects that its net income and capital expenditures over the next four years will be as follows: Year Net Income (5) Capital Expenditures (3) 1 10,000 8,000 2 12,000 7,000 3 9,000 10,000 4 15,000 8,000 The company has 5,000 outstanding shares currently on which it pays a dividend of one rupee per share. 22.23 Required: (b) What external financing is required if the company plans to raise dividends by 10 percent (a) What will be the dividend per share if the company follows a pure residual policy? (c) What will be the dividend per share and external financing requirement if the company follows a policy of a constant 60 percent payout ratio? every 2 years? bono Industries Ltd on the be. Coboroholders