The company with the common equity accounts shown here has declared a 5-for-1 stock split when the market value of its stock is $31 per share. The firm's 80-cent per share cash dividend on the new (postsplit) shares represents an increase of 20 percent over last year's dividend on the presplit stock. Common stock ($1 par value) $ 465,000 Capital surplus 862,000 Retained earnings 3,880,800 Total owner's equity $ 5,207,800 a. What is the new par value per share? (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.) a. New par value b. Dividend per share