A company is choosing between dividends and share repurchases. It wants to distribute 40% of its earnings to shareholders and retain the other 60%. It had net income of $30 million. Also, it has has 2 million shares outstanding with a value of $60 per share. Answer(s): If it chooses to distribute its cash as a cash dividend payment. What is its EPS after the dividend? If it chooses to distribute its cash as a stock dividend payment. What is its EPS after the dividend? Hint: increase share count by the value of the payout