Cedar Inc. has $120 million of assets that include $20 million of cash and no debt. The firm has 3 million shares outstanding. The board of Cedar Inc. is meeting to decide whether to pay out the $20 million cash as a cash dividend or to use it to repurchase shares. Assume a perfect capital market. a. (1 point) If Cedar Inc. chooses to pay out $20 millions in cash dividend, what will be its stock price and the number of shares outstanding, respectively, after the cash dividend? b. (1 point) If Cedar Inc. chooses to pay out $20 millions by repurchasing shares at its current stock price, what will be its stock price and the number of shares outstanding, respectively, after the repurchase? Show your work (e.g., Excel template, functions, numerical inputs) to earn partial marks