6. Company A has 5,000 shares outstanding and its share price is 40. The company is expected to pay a total dividend of 10,000 next year and thereafter the dividend is expected to grow indefinitely by 5% a year. If the company changes its payout policy such that: from now onwards only 50% of dividends will be distributed as cash and the remainder will be used to repurchase stock. Under this scenario, what is the expected stream of dividends per share to be paid by the company? (12.5 marks)