A firm follows a residual dividend policy and maintains a constant debt-to-equity ratio. There are 7,850 common shares outstanding at a market price of $7 per share, as well as 261 bonds outstanding and selling at a par value of $1,000. The projected spending on capital projects is $141,560 for next year. Net income for next year is estimated to be $55,050. What is the projected dividend amount per share for next year? $3.586 $3.683 $3.780 $3.876 $3.973