Frank Company has 600,000 shares of cumulative preferred stock. It has passed (has not paid) the last three quarters of dividends of $2.00 per share and now, at the end of the current quarter, wishes to distribute $12 million to its shareholders. If Frank has 3 million shares of common stock outstanding, how large a per-share common stock dividend will it be able to pay. State your answer in the format: $5.25.