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 $32 per share. The firm's 80-cent per share cash dividend on the new (postsplit) shares represents an increase of 25 percent over last year's dividend on the presplit stock. Common stock ($1 par value) Capital surplus Retained earnings $ 410,000 851,000 3,770,800 Total owner's equity 5,031,800 $ a. What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., .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 $ 23.98