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11 Awake Corporation is evaluating an extra dividend versus a share repurchase. In either case, $17,500 would be spent. Current earnings are $1.89 per share, and the stock currently sells for $64 per share. There are 2,000 shares outstanding. Ignore taxes and other imperfections. 10 points a. Evaluate the two alternatives in terms of the effect on the price per share of the stock and shareholder wealth per share. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Answer is complete and correct. Alternative Extra dividend Price per share $ 55.26 Shareholder wealth $ 64.00 Answer is complete and correct. Alternative II Repurchase Price per share $ 64 Chomharth le CA Alternative 11 Price per share Shareholder wealth Repurchase $ 64 $ 64 b. What will the company's EPS and PE ratio be under the two different scenarios? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Answer is complete and correct. Alternative 1 (Extra dividend) EPS S 1.89 PE ratio 29.23 Answer is complete and correct. 10 points Alternative ! (Extra dividend) EPS $ 1.89 PE ratio 29.23 Alternative II (Repurchase) EPS PE ratio