10) ABC company has shares outstanding of 1.2 million. It has excess cash of $6 million. To pay dividends next year, the company is planning to invest the cash in 1-year T-bills. Currently, the T-bills are paying a 6 per cent interest rate. One alternative to this strategy is that the company may immediately distribute the cash as dividends. Later, shareholders themselves can invest in T-bills. Assume the perfect capital markets. If ABC company invests the excess cash of $6 million in T-bills, then what is the dividend per share next year?