Big Industrles has the following market$-$value balance sheet. The stock currently sells for $$20$ a share, and there are $1,320$ shares

outstanding. The firm will either pay a $$1$ per share dividend or repurchase $$1,320$ worth of stock. Ignore taxes.

a$.$ What will be the subsequent price per share if the firm pays a dividend?

b$.$ What will be the subsequent price per share if the firm repurchases stock?

Note: Round your answer to the nearest dollar.

c$.$ If total earnings of the firm are $$18,000$ a year, find earnings per share if the firm pays a dividend.

Note: Do not round Intermedlate calculations. Round your answer to $3$ decimal places.

d$.$ If total earnings of the firm are $$18,000$ a year, now find earnings per share if the firm repurchases stock.

Note: Do not round Intermedlate calculations. Round your answer to $3$ decimal places.

e$.$ If total earnings of the firm are $$18,000$ a year, find the price$-$earnings ratio if the firm pays a dividend.

Note: Do not round Intermedlate calculations. Round your answer to $2$ decimal places.

f$.$ If total earnings of the firm are $$18,000$ a year, find the price$-$earnings ratio if the firm repurchases stock.

Note: Do not round Intermedlate calculatlons. Round your answer to $2$ decimal places.

g$.$ Adherents of the "dividends$-$are$-$good" school sometimes point to the fact that stocks with high dividend payout ratios tend to

sell at above$-$average price$-$earnings multiples. Is Big Industries' PIE ratio higher if it pays a dividend?