ABC company is an unlevered firm with an excess cash of $50 million. The company has outstanding shares of 10 million and has 8 percent cost of capital. It is expected that the company would generate annual stream of cash flows of worth $40 in following years. These cash flows are expected to be paid as regular dividends. The board of the company is deciding whether to use the current excess cash for share repurchase or as a special dividend. What is the ex dividend price of the company if it uses the excess cash for special dividends? Select one: $100 $50 $40 $60 ABC company is an unlevered firm with excess cash of $50 million. The company has outstanding shares of 10 million and has a 9 percent cost of capital. It is expected that the company would generate an annual stream of cash flows worth $40 in the following years. These cash flows are expected to be paid as regular dividends. The board of the company is deciding whether to use the current excess cash for share repurchase or as a special dividend Suppose that Mr.X is the shareholder of the company and has 2500 shares. The board decided that the company will use the excess cash for special dividend payments. However, Mr. X instead wanted the company to do the share repurchase. In this case, how many shares should Mr. X buy if he wants to undo the firm's special dividend decision? Select one: O 225 337.50 281.25 562.50 ABC company is an unlevered firm with excess cash of $50 million. The company has outstanding shares of 10 million and has an 8 percent cost of capital. It is expected that the company would generate an annual stream of cash flows worth $40 in the following years. These cash flows are expected to be paid as regular dividends. The board of the company is deciding whether to use the current excess cash for share repurchase or as a special dividend. If the company goes for share repurchase, the shares it should buy back are equal to: Select one: O 1.09 million O 0.73 million 1.82 million O 0.9 million ABC company is an unlevered firm with excess cash of $60 million. The company has outstanding shares of 12 million and has a 9 percent cost of capital. It is expected that the company would generate an annual stream of cash flows worth $48 in the following years. These cash flows are expected to be paid as regular dividends. The board of the company is deciding whether to use the current excess cash for share repurchase or as a special dividend. What is the cum dividend price of the company if it uses the excess cash for special dividends? Select one: O $49.44 $98.89 $39.56 $59.33