Erna Corporation is evaluating an extra dividend versus a share repurchase. In either case, $$11,000$ would be spent. Current earnings are $$1\mathrm{.}90$ per share, and the stock currently sells for $$55$ per share. There are $4,000$ shares outstanding. Ignore taxes and other imperfections.

a$.$ Evaluate the two alternatives in terms of the effect on the price per share of the stock and shareholder wealth per share. $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$.$ What will the company's EPS and PE ratio be under the two different scenarios? $($Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

$\backslash$table$[[$a$.$ Extra dividend,$],[$Price per share,$],[$Shareholder wealth,$],[$a$.$ Repurchase,$],[$Price per share,$],[$Shareholder wealth,$],[$b$.$ Extra dividend,$],[$EPS$,],[$PE ratio,$],[$b$.$ Repurchase,$],[$EPS$,],[$PE ratio,$]]$