19. The following data apply to Elizabeth's Electrical Equipment: Value of operations Short-term investments: Cash Debt Number of shares Net Income Current Share Price $20,000 $1,000 $6,000 300 $3,000 $50.00 The company plans on distributing the $1,000 in Cash. They can either do so with a Re- Purchase or with a Cash Dividend. Which should they choose and how will it affect their Share Price, Earnings per Share (EPS), and P/E ratio? Current: Provide the Ex-ante information for the firm: EPS and P/E ratio. Total Firm Value (i.e. Assets) = Value of Operations + Value of Non-Operating Assets O Value of Equity = Total Firm Value - Debt Re-Purchase: If they do so by repurchasing stock. What will the intrinsic per share stock price be immediately after the repurchase? How many shares will be remaining? 19. The following data apply to Elizabeth's Electrical Equipment: Value of operations Short-term investments: Cash Debt Number of shares Net Income Current Share Price $20,000 $1,000 $6,000 300 $3,000 $50.00 The company plans on distributing the $1,000 in Cash. They can either do so with a Re- Purchase or with a Cash Dividend. Which should they choose and how will it affect their Share Price, Earnings per Share (EPS), and P/E ratio? Current: Provide the Ex-ante information for the firm: EPS and P/E ratio. Total Firm Value (i.e. Assets) = Value of Operations + Value of Non-Operating Assets O Value of Equity = Total Firm Value - Debt Re-Purchase: If they do so by repurchasing stock. What will the intrinsic per share stock price be immediately after the repurchase? How many shares will be remaining