Kuhns Corp. has 230,000 shares of preferred stock outstanding that is cumulative. The dividend is $7.30 per share and has not been paid for 3 years. If Kuhns earned $1.20 million this year what could be the maximum payment to the preferred stockholders on a per share basis? (Round your answer to 2 decimal places.) O $747 per share $412 per share S522 per share $672 per share