The company with the common equity accounts shown here has decided on a two-for-one stock split. The firms 35-cent-per-share cash dividend on the new (postsplit) shares represents an increase of 5 percent over last years dividend on the presplit stock. Common stock ($1 par value) $ 490,000 Capital surplus 1,557,000 Retained earnings 3,882,000 Total owners equity $ 5,929,000 Requirement 1: What is the new par value of the stock? (Do not round intermediate calculations. 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. Round your answer to 2 decimal places (e.g., 32.16).) Dividends per share last year $