GG Companys net income for $2015$ was Tsh$.300$ million. Of this amount,$40$ percent will be used to purchase treasury stock. Currently, there are $1$ million shares outstanding and the market price per share is Tsh$.900.$

a$.$ How many shares can the company buy back through a tender offer of Tsh$.1,200$ a share?

b$.$ What is the current earnings per share?

c$.$ What is the current P$/$E ratio?

d$.$ What will earnings per share be after the treasury stock acquisition?e$.$ What is the expected market price per share assuming the present P$/$E ratio remains the same?