DDF Ltd follows a strict residual dividend policy. The company has just reported net profit of R189 million for the financial year just ended. The company is considering the following indivisible investment opportunities for the upcoming financial year: Project A B C D E Cost (RM) 88 56 65 42 73 Internal rate of return 15.62% 14.36% 13.88% 16.74% 16.91% DDF Ltd has 50 million ordinary shares in issue and the shares are currently trading at R16 per share. The company's cost of capital is 15% and its target capital structure is represented by a debt-to-equity ratio of 66.67%. In a meeting of the board of directors, the directors discussed a proposal to return R50 million, expected to be realised from the disposal of some non-core business units, to shareholders. The directors weighed two options of returning this cash to shareholders: a special cash dividend or a share repurchase. The directors could not reach a consensus, so they asked the Financial Director (FD) to present an analysis of the financial impact of the two options on shareholders' wealth at the next board meeting. Required: 4.1 Determine the final dividend per share for the financial year just ended. (8) 4.2 Assist the FD with the preparation of her presentation to the board by determining the impact of the two options on the wealth of a shareholder who has 5 000 shares in the company. (15) 4.3 Highlight any two (2) factors that the board needs to consider before choosing between the two options. (2)