Alicia Company Has 40,000 Shares of $320 Par Value, 5

Alicia Company has 40,000 shares of $320 par value, 5% cumulative preferred stock and 140,000 shares of $80 par value common stock. Alicia declares and pays cash dividends amounting to $900,000.
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) $ 1.86
B) $16.00
C) $ 4.00
D) $ 6.44