Natsam Corporation has $226 million of excess cash. The firm has no debt and 450 million shares outstanding with a current market price of $12 per share Natsam's board has decided to pay out this cash as a one-time dividend a. What is the ex dividend price of a share in a perfect capital market? b. It the board instead decided to use the cash to do a one-time share repurchase, in a perfect capital market what is the price of the shares once the repurchase is complete? c. In a perfect capital market, which policy in part(a) or (b) makers investors in the firm better off? a. What is the ex-dividend price of a share in a perfect capital market? The ex dividend price is on a per sharo basis (Round to the nearest cent) b. I tho board instead decided to use the cash to do a onetimo share repurchase in a perfect capital market, what is the price of the shares once the repurchase is complote? The price of the shares once the repurchase is complete is $ per shuro (Round to the nearest cent) c. In a perfoct capital market, which policy in part (a) or (b) makes investors in the firm botter off? (Select the best choice below.) O A Investors are better off with policy in part (a) OB Investors are better off with policy in part (b) C. Investors are indifferent to either policy