Galles Corporation is evaluating two alternatives. 1. An extra dividend. 2. A share repurchase. In either case, $14,500 would be spent. Current earnings are $1.65 per share, and stock currently sells for 558 per share. There are 2,000 shares outstanding. Ignore taxes and other imperfections 4. What is the effect on the price per share and shareholder wealth under alternative 1? a. Alternative 1 New Price per Share Alternative 1 Shareholder Wealth