Company X ltd has surplus cash of Rs 100 lakhs and wants to distribute 27% of it to the shareholders. The company decides to buy back shares. The Finance Manager of the company estimates that its share price after re-purchase is likely to be 10% above the buyback price-if the buyback route is taken. The number of shares outstanding at present is 10 lakhs and the current EPS is Rs 3. You are required to determine: a. The price at which the shares can be re-purchased, if the market capitalization of the company should be Rs 210 lakhs after buyback, b. The number of shares that can be re-purchased, and c. The impact of share re-purchase on the EPS, assuming that net income is the same.