Figurate Industries has 760,000 shares of cumulative preferred stock outstanding. It has passed the last three quarterly dividends of 52.70 per share and now (at the end of the current quarter) wishes to distribute a total of $12 million to its shareholders. If Figurate has 3.2 million shares of common stock outstanding, how large a per-share common stock dividend will it be able to pay? The per-share common stock dividend Figurate will be able to pay is 5 (Round to the nearest cent)