Erna Corporation is evaluating an extra dividend versus a share repurchase. In either case, $$53,500$ would be spent. Current earnings are $$1\mathrm{.}79$ per share, and the stock currently sells for $$64$ per share. There are $9,000$ 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 a$$d 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$.,32\mathrm{.}16.)$