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KMS Corporation has assets with a market value of $406 million, $34 million of which are cash. It has debt of $291 million, and 17

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KMS Corporation has assets with a market value of $406 million, $34 million of which are cash. It has debt of $291 million, and 17 million shares outstanding. Assume perfect capital markets. a. What is its current stock price? b. If KMS distributes $34 million as a dividend, what will its share price be after the dividend is paid? c. If instead, KMS distributes $34 million as a share repurchase, what will its share price be once the shares are repurchased? d. What will its new market debt-equity ratio be after either transaction? a. What is its current stock price? KMS Corporation's current stock price is \$ per share. (Round to the nearest cent.)

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