The company with the common equity accounts shown here has decided on a two-for-one stock split. The firms 46-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last years dividend on the presplit stoc

Common stock ($1 par value) $ 420,000

Capital surplus $ 1,550,000

Retained earnings $ 3,868,000

Total owners equity $ 5,838,000

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 years dividend per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)