Check my work Hewlard Pocket's market value balance sheets illustrate the effects of dividends versus repurchases Liabilities and shareholders Assets Equity A. Original balance sheet Cash Other assets $ 150,000 Debt Value of tim10000Equity Shares outstanding 100,000 1,100-000 $1,100,000 $1,100,000 Value of firm Price per share $1,100,000/100,000-$11 Pocket wins a lawsuit and is paid $180,00? in cash. The market value of the equity rises by that amount, and Pocket decides to pay out $2.80 per share. a. What will be Pocket's stock price if the payout comes as a cash dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places) per share Stock price b. What will be Pocket's stock price if the payout comes as a share repurchase? (Do not round intermediate calculations. Round your answer to 2 decimal places Stock price per share Prey 3 of 11B Next