Question 4 (1.5 points)

For the next 5 years, a company has established the projections shown in the table below regarding the investment budget and the annual profits of its company. 65% of the company's capital structure is debt and the rest is equity. There are currently 100,000 shares outstanding.

Year	Budget investments	Benefits
1	$ 270,000	$ 280,000
2	$ 600,000	$ 360,000
3	$ 250,000	$ 400,000
4	$ 800,000	$ 500,000
5	$ 200,000	$ 550,000

If the company applies a residual dividend policy annually, what will the dividend per share for year 4 be?

Question 4 options:

$ 2.20

$ 3.125

$ 4.80

$ 1.50

$ 0.72