Dog River Company has an operating profit of $259,000. Interest expense for the year was $21,600; preferred dividends paid were $23,650; and common dividends paid were $58,800. The tax was $45,750. The Dog River Company has 40,000 shares of common stock outstanding. a. Calculate the EPS and the common dividends per share for Dog River Company. (Round the final answers to 2 decimal places.) EPS $ Common dividends per share $ b. What is the payout ratio? (Do not round intermediate calculations. Round the final answer to the nearest whole number.)