Flemington Farms is evaluating an extra dividend versus a share repurchase. In either case, $15,000 would be spent. Current earnings are $2.80 per share, and the stock currently sells for $75 per share. There are 2,800 shares outstanding. Ignore taxes and other imperfections. The PE ratio will be ____ if the firm issues the dividend as compared to ____ if the firm does the share repurchase.

a) 24.87; 24.87
		b) 24.87; 26.79
		c) 26.79; 24.87
		d) 26.79; 26.79
		e) 26.79; 27.13 Please show work.