For 2024, Silver Company reported earnings per share of $3.50 and paid total common share dividends of $21,600. Throughout the year the company had 12,000 common shares outstanding. The price earnings ratio at December 31, 2024 stood at 7.5. Required: A. Compute the December 31 (2024) market price per common share. [Answer format: A dollar amount, no $ sign, 2 decimal places, i.e., to the nearest penny] Answer: $ Answer 1 Question 12 B. Compute the company's dividend payout ratio. [Answer format: A percent, no % sign, no decimal places, i.e., to the nearest full percent. (e.g., 12.34% would be entered as 12] Answer: Answer 2 Question 12 %