Boehm Corporation has had stable earnings growth of 7% a year for the past 10 years, and in 2019 Boehm paid dividends of $3 million on net income of $5 million. However, net income is expected to grow by 26% in 2020, and Boehm plans to invest $3.0 million in a plant expansion. This one-time unusual earnings growth won't be maintained, though, and after 2020 Boehm will return to its previous 7% earnings growth rate. Its target debt ratio is 36%. Boehm has 1 million shares of stock. Calculate Boehm's dividend per share for 2020 under each of the following policies: