Janne Company has 40,000 shares of $160 par value, 5% cumulative preferred stock and 140,000 shares of $40 par value common stock. Janne declares and pays cash dividends amounting to $450,000. If no arrearage on the preferred stock exists, how much in dividends per share (use two decimal places) is paid to the common stockholders?

A) $0.93

B) $8.00

C) $2.00

D) $3.22