A firm follows a residual dividend policy and maintains a constant debt-to- equity ratio. There are 12,330 common shares outstanding at a market price of $23 per share, as well as 597 bonds outstanding and selling at a par value of $1,000. The projected spending on capital projects is $223,320 for next year. Net income for next year is estimated to be $86,730. What is the projected dividend amount per share for next year? $1.081 $1.111 $1.141 $1.171 $1.201