1 Time left 117:31 Chapter 8: The following is the capital structure of QQQ Company which is based on last year's book values: Common stock (par value $3, with 500,000 shares) $1,500,000 Additional paid-in capital in excess of par $4,500,000 Retained earnings $1,000,000 of Net Worth $7,000,000 To keep QQQ Company shareholders happy, the board of directors decided to pay 5% in stock dividends. The current market price of the stock is $10. What would be the new net worth of the company after the stock dividends were paid out? Select one: O a $1,575,000 O b. $750,000 O c. $7,000,000 O d. $4,500,000 Next page