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The company with the common equity accounts shown here has decided on a two-for-one stock split. The firms 27-cent-per-share cash dividend on the new (postsplit)

The company with the common equity accounts shown here has decided on a two-for-one stock split. The firms 27-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 20 percent over last years dividend on the presplit stock.

Common stock ($1 par value) $ 570,000
Capital surplus 1,565,000
Retained earnings 3,898,000
Total owners equity $ 6,033,000

What is the new par value of the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New par value $ per share What was last years dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Dividends per share last year $

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