1. Calculate the dividend per share paid out on the firm's stock. Dividend per Share - Excel 73 6 x FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 AA % Paste BIU Clipboard Font A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing A1 fe 8 1 2 S 6 7 8 10 11 12 13 14 15 16 17 18 19 20 H Suppose a firm has a retention ratio of 60 percent, net income of $36.5 million, and 215 million shares outstanding. What would be the dividend per share paid out on the firm's stock? (Round your answer to 2 decimal places.) Retention ratio Net income Shares outstanding 60% $ 36,500,000 215,000,000 Complete the following analysis. Do not hard code values in your calculations, and do not round intermediate calculations. Dividend per share 4 >