The market value of Yeates Corporation's common stock had become excessively high. The stock was currently selling for $410 per share. To reduce the market price of the common stock, Yeates declared a 5-for-1 stock split for the 370,000 outstanding shares of in $8 par value common stock Required b. Determine the number of common shares outstanding and the par value after the split (Round par value answer to 2 decimal places.) Number of common shares outstanding Par value per share after the split