The company with the common equity accounts shown here has decided on a two-for-one stock split. The firms 56-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 10 percent over last years dividend on the presplit stock.

Common stock ($1 par value)	$ 290,000
Capital surplus	1,345,000
Retained earnings	3,465,000
Total owners equity	$ 5,100,000

Requirement 1:

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).)

New par value

$ per share

Requirement 2:

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

Dividends per share last year

$