b) A company has Kshs 1,600,000 in excess funds. The company wishes to distribule these funds to repurchise- the stock. Prescatly, it has 400,000 shares outstanding and the market price per share is Kishs 36 . The company wishes to repuchase 10% of its alock. i) Assuming no sigualing effect, calcuiatetheprice the company should offet for the repurchase. ii) Calcilate the rmount the campany will be distributing through the repurchase. iii) If the company were to pay out the funds through cash dividend instead. determine the marketprice per share after the distribution. (6 Marks)