earnings to help pay cash dividends of $1.44 per share or to repurchase stock at $22 per share. a. Approximately how many shares of stock can the firm repurchase at the $22-per-share price, using the funds that would have gone to pay the cash dividend? b. Calculate the EPS after the repurchase. c. In a perfect market, what is the stock price after the repurchase and what is the P/E ratio? d. Compare the pre- and post-repurchase earnings per share. Data table