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Pocket wins a lawsuit and is paid $ 2 4 0 , 0 0 0 in cash. The market value of the equity rises by

Pocket wins a lawsuit and is paid $240,000 in cash. The market value of the equity rises by that amount, and Pocket decides to make a one-off payout of $1.80 per share.
a. What will be Pocket's stock price after the payout if the payout comes as a cash dividend?
b. What will be Pocket's stock price after the payout if the payout comes as a share repurchase?
Note: For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places.
\table[[a. Stock price,per share],[b. Stock price,per share]]
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