a. What will the stock sell for tomorrow? b. What will the Balance Sheet look like tomorrow after the dividend is paid? c. What effect will the repurchase have on the equity of the company? d. How many shares will be outstanding after the repurchase? e. What will the price per share be after the repurchase? Cash Fixed Assets Total Asset $120,000 Liabilities $476,600 Equity $596,600 Total L/E $100,000 $496,600 $596,600 Dividend Declared Ex-Dividend Date $1.15 Tomorrow Shares Outstanding 19,000 Repurchase $21,850