Answers have to be in the format of an Excel formula

Dividend per Share Excel ? X Sign In FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Calibri 11 A A Conditional Format as Cell Alignment Number Paste Cells Editing B T U Formatting Table Styles Clipboard Styles Font A1 A E F G H B C 2 3 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.) 4 5 6 Retention ratio 60% 7 $ Net income 36,500,000 215,000,000 8 Shares outstanding 9 10 11 12 13 Complete the following analysis. Do not hard code values in your calculations, and do not round intermediate calculations 14 15 Dividend per share 16 17 18 19 20 Sheet1 (+