(b) Nik Syak Dental Berhad has net income of RM3,000,000 and it has 2,000,000 outstanding common shares. The company's share currently trades at RM45 a share. Nik Syak is considering a plan where it will use available cash to repurchase 30 percent of its shares in the open market. The repurchase is expected to have no effect on either net income or the company's P/E ratio. Calculate the firm's new share price. (7 marks) (c) Sinar Harapan Berhad just paid a dividend of RM3.20 per share yesterday. The financial analyst has expected that the firm's dividend will grow at 21 percent next year, 15 percent next two years and 5 percent indefinitely. The required rate of return on the firm's share is 12 percent. Calculate the value of share Sinar Harapan's. (9 marks)