The company with the common equity accounts shown here has declared a 4-for-one stock split when the market value of its stock is $30 per share. The firms 75-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)	$	400,000
Capital surplus		849,000
Retained earnings		3,750,800
Total owner's equity	$	4,999,800
A) What is the new par value per share? B)What was last year's dividend per share?