Natsar Corporation has $283 million of excess cash. The firm has no debt and 494 million shares outstanding with a current market price of $13 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. W 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) makes 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 share basis. (Round to the nearest cont.) b. If 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? The price of the shares once the repurchase is complete is $ per share. (Round to the nearest cent.) c. In a perfect capital market, which policy in part (n) or (b) makes investors in the firm better of? (Select the best choice below.) d be O A Investors are better off with policy in part(b). B. Investors are better off with policy in part (a). C. Investors are indifferent to either policy 01