Cue Energy has released the following information. Earnings available to ordinary shareholders $6,000,000 Number of ordinary shares outstanding 1,000,000 Market price per share 10 Cue Energy has a 50% payout ratio and decides to repurchase ordinary shares from its current shareholders as a form of dividend payment. If the repurchase price is $12 per share, what will be the firm's new share price after the repurchase? $13.33 per share $12.00 per share $10.00 per share $6.00 per share $5.00 per share