4. (4 points) Clark Industries has 200 mln shares outstanding, a current share price of $30, and no debt. Clark's management believes that the shares are underpriced, and that the true value is $35 per share. Clark plans to pay $600 mln in cash to its shareholders by repurchasing shares at the current market price. Suppose that soon after the transaction is completed, new information comes out that causes investors to agree with management's assessment of Clark's value. Explain (provide necessary calculations) how items "Other assets", "Shares" and "Share price" in the "After New Information" column have been calculated. a) Before Repurchase 600 5400 After Repurchase After New Information Cash Other assets Total market value of assets Shares (millions) Share Price 5400 6400 6000 200 $30 5400 180 $30 6400 180 $35.56