The company with the common equity accounts shown here has declared a 4-for-1 stock split when the market value of its stock is $30 per share. The firm's 75-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) Capital surplus Retained earnings $ 400,000 849,000 3,750,800 Total owner's equity $4,999,800 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