EquatePlus Industries has current operating profit of $320,000 before taxes. Interest expense is $29,000, dividends paid on preferred shares were $34,700, and common dividends paid of $40,000. The company paid taxes of $108,300. The company has 20,000 outstanding common shares. a. Calculate the EPS and common dividends per share. (Round the final answers to 2 decimal places.) Earnings per share Common dividends per share $ $ b. Calculate the payout ratio. (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Payout ratio 9 c. Determine the increase in retained earnings for the year. Increase in retained earnings $ d. If the share price is $33.30, calculate the price-earnings (P/E) ratio. (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Price-earnina ratio times