12 A A Conditional Format as Cell Cells Editing Formatting Table Styles Paste A Alignment Number Clipboard Font C4 | | f Suppose a firm has a retention ratio of 60 percent, net income of $36.5 million, Suppose a firm has a retention ratio of 60 percent, net income of $36.5 million, and 215 million shares outstanding. What would be the dividend per share paid out on the firm's stock? (Round your answer to 2 decimal places.) Retention ratio Net income Shares outstanding 60% $ 36,500,000 215,000,000 10 12 13 Complete the following analysis. Do not hard code values in your calculations, and do not round intermediate calculations 15 16 17 18 19 Dividend per share