1713 Stock repurchase plan.

Southern Railroad has announced a $5,400,000stock repurchase plan over the next month. The current price of Southern Railroad stock is $23.52pershare, and16,000,000shares are outstanding. How many shares is Southern expecting tobuy? What is the cash dividend that the company could pay with the repurchasemoney? If you were a shareholder with800shares, how many shares would you need to sell back to get cash equivalent to thisdividend?