Flychucker Corporation is evaluating an extra dividend versus a share repurchase. In either case, $17,000 would be spent. Current earnings are $1.60 per share and the stock currently sells for $40 per share. There are 2,500 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., 32.16.)
b.	What will be the effect on the companys EPS and PE ratio under the two different scenarios? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

a.	Price per share with dividend
	Shareholder wealth with dividend
	Price per share with repurchase
	Shareholder wealth with repurchase
b.	EPS with dividend
	PE with dividend
	EPS with repurchase
	PE with repurchase	.......