Everdeen Mining, Inc., has ended 2019 with a net profit before taxes of $436,000. The company is subject to a 28% tax rate and must pay $60,000 in preferred stock dividends before distributing any earnings on the 150,000 shares of common stock currently outstanding.

a. Calculate Everdeens 2019 earnings per share (EPS).

b. If the firm paid common stock dividends of $0.75 per share, how many dollars would go to retained earnings?

c. What is Everdeens plowback ratio for 2019?