Assume the firm has not yet made the distribution. What is the firm's intrinsic value of equity? What is its intrinsic per

share stock price? Suppose instead that the firm has just made the distribution in the form of a stock repurchase. Now what is the firm's

intrinsic value of equity? How many shares did the firm repurchase? How many shares remained outstanding after the

repurchase? What is its intrinsic per share stock price after the repurchase?Consider a firm whose net income for the current year is $$225$ million, their target equity ratio is $70\%,$ and the expected capital budget is $$165$ million. What are its distributions to be made to shareholders, according to the residual model? The firm has $60$ million shares. Assume for now that the distribution is in the form of a dividend. What is the forecasted dividend payout ratio? What is the forecasted dividend per share.