The company with the common equity accounts shown here has decided on a two-for- one stock split. The firm's 34-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last year's dividend on the presplit stock. Common stock ($1 par value) $ 500,000 Capital surplus 1,558,000 Retained earnings 3,884,000 Total owners' equity $ 5,942,000 a. 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.) b. What was last year's dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) $ 0.50 a New par value per share b. Last year's dividend per share