Company A is currently all equity financed with $100$ million shares. The EBIT will be $30$ million in year $1$ and grow at a $3\%$ rate per year forever. The company always has a $40\%$ corporate tax. The investors discount cash flows from similar projects at $18\%$per year. Now the company takes a $50$ million dollar loan to make distributions to the shareholders. The interest on the loan is $5\%.$ There will be no principal repayment made until the loan is paid back in full in a year. Due to finance distress, $30\%$ of the companys EBIT will be lost while it carries the $50$ million in debt. There is zero capitail gains tax and $25\%$ dividend tax. A$.)$ if the company annouces that it will use $50$ million to repurchase shares what will the price be right after the repurchase? What about right after the announcement? B$.)$ if the company uses the $50$ million to pay a one time dividend payout. What will be the price right after the dividend payout and right after the annoucement $?$