The balance sheet for Quinn Corporation is shown here in market value terms. There are 10,000 shares of stock outstanding.

Cash $ 45,500 Equity $ 535,500

Fixed assets 490,000

Total $ 535,500 Total $ 535,500

The company has declared a dividend of $1.80 per share. The stock goes ex dividend tomorrow. Ignoring any tax effects, what will it sell for tomorrow? How much the total dividends paid will be?

a. 74.5; 11,000

b. 87.5; 10,800

c. 56.6; 10,800

d. 64.5; 11,000