The company with the common equity accounts shown here has decided on a two-for-one stock split. The firms 32-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 20 percent over last years dividend on the presplit stock.

Common stock ($1 par value)	$ 520,000
Capital surplus	1,560,000
Retained earnings	3,888,000
Total owners equity	$ 5,968,000

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.)