Caswell Pharmaceutical has a shareholders' equity account as shown below. The firm's ordinary shares currently sell for $20 per share.

Preference shares

$ 500.000

Ordinarv shares (2.000.000 shares)

Retained earnings

Total shareholders' equity

$ 2.000.000

$11.600.000

$14.100.000

What would be the value of Caswell's shareholders' equitv if the firm pavs a cash dividend of $1.50 per share?

O $14,100,000

O $11,600,000

0$11.100.000

0 $12.200,000