Question 2 (1 point) Latino Inc. employs a residual dividend policy which pays on an annual basis. This year, Latino Inc., funded $7.5 million in projects, with 40% of total funds coming from equity. Latino Inc. always uses internal equity first, before issuing new equity. Net Income in the current year totaled $3.1 million. There are 180000 shares outstanding. How much did Latino Inc. pay per share in its residual dividend? Round your answer to 2 decimal places. That is, if your answer is $3.20159, write 3.20 Your Answer: Answer