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 $40 per share. The firms 75-cent per share cash dividend on the new (postsplit) shares represents an increase of 25 percent over last years dividend on the presplit stock.

Common stock ($1 par value)	$	450,000
Capital surplus		859,000
Retained earnings		3,850,800
Total owner's equity	$	5,159,800

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.)