6) 11 Peints total dower the following quan .) 16 Puns) A fion has the following balance sheet composition Debt Equity Surplos cual L000.000 S 2.000.000 Debi Fixed assets and networking capital 10.000.000 9.000.000 Equity Total 11,000,000 11.000.000 #of shares outstanding 800.000 The firm is going to distribute the surplus cash, either through a dividend or a share repurchase. For cach scenario (ie, a dividend and a share repurchase) calculate the following 3) The share price prior to the distribution ) Ir the distribution is donc as a dividend payment, calculate the dividend per share, and the price per share after the distribution in) If the distribution is done as a share repurchase, calculate the number of shares outstanding after the distribution b) [ Points) Assuming the conditions of the Miller & Modigliani (MM) hold, explain why issuing new shares to pay a dividend to current shareholders is financially equivalent to current shareholders selling a portion of their shares to new shareholders