The equity of Maple Builders currently has a total book value of $1.3 million and a total market value of $3.8 million. The common stock has a market value of $36 a share. The firm has no preferred stock outstanding. How much will the dividend per share be if the firm pays out a total of $60,000 in cash dividends?

Select one:

a. $.57

b. $.60

c. $.83

d. $1.50

e. $1.76