1. New Tech Corporation has assets with a market value of $300 million, $40 million of which are cash. It has debt of $50 million, and 7 million shares outstanding. Assume perfect capital markets and no taxes. a. What is New Tech Corp.'s current stock price? b. If Tech Corp distributes $20 million as a dividend, what will its share price be after the dividend is paid? c. If instead, New Tech distributes $20 million as a share repurchase, what will its share price be once the shares are repurchased? d. What will the new market debt-equity ratio be after either transaction?