Jessie Company Has 40,000 Shares of $240 Par Value, 5

Jessie Company has 40,000 shares of $240 par value, 5% cumulative preferred stock and 140,000 shares of $60 par value common stock. Jessie declares and pays cash dividends amounting to $675,000.
If no arrearage on the preferred stock exists, how much in dividends per share (use two decimal places) is paid to the common stockholders?

A) $ 1.39
B) $11.92
C) $ 2.98
D) $ 4.80