Orson Technologies has $50 million in excess cash and no debt. The firm expects to generate additional free cash flows of $40 million per year in subsequent years and will pay out these future free cash flows as regular dividends. Orsons unlevered cost of capital is 10% and there are 10 million shares outstanding. Their board is meeting to decide whether to pay out its $50 million in excess cash as a special dividend or to use it to repurchase shares of the firms stock. Assume perfect capital markets. a) If Orson uses the entire $50 million in excess cash to pay a special dividend, what is their ex-dividend share price? b) If instead Orson uses the entire $50 million to repurchase shares, what is your estimate of their (regular) yearly dividends in the future?