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In doing a five-year analysis of future dividends, the DawsonCorporation is considering the following two plans. The valuesrepresent dividends per share. Use Appendix B for an approximateanswer but calculate your final answer using the formula andfinancial calculator methods. Year Plan A Plan B 1 $ 1.10 $ .10 21.10 1.60 3 1.10 .20 4 1.50 3.50 5 1.50 1.60 a. How much in totaldividends per share will be paid under each plan over five years?(Do not round intermediate calculations and round your answers to 2decimal places.) b-1. Mr. Bright, the vice president of finance,suggests that stockholders often prefer a stable dividend policy toa highly variable one. He will assume that stockholders apply alower discount rate to dividends that are stable. The discount rateto be used for Plan A is 11 percent; the discount rate for Plan Bis 13 percent. Compute the present value of future dividends. (Donot round intermediate calculations and round your answers to 2decimal places.) b-2. Which plan will provide the higher presentvalue for the future dividends? Plan A Plan B