Problem 10-07 A stock is currently trading for $34. The company has a price-earnings multiple of 10 . There are 100 milion shares oulstanding. Your model incicates that the stock is actualy worth 144. The company announces that it will use $340 millon to repurchase shares. a. After the repurchase, what is the value of the stock, occording to your model? Do not round intermediate calculations. Round your answer to the nearest cent. s. b. Mter the repurchase, what is the actual price-earnings multiple of the stock Do not round intermediste calculations. Round vour answer to two decimal places. C. If the company had used the 5340 million to pay a cast dividend instead of doing a repurchsie, how would the value of the sock have changed, according to your moden? Do not round intermediale calculations. Round your answer to the nearest cent. The market value of the stock is now 1 d. If the company had used the 5340 milion to pay a cash dividend instead of soing a repurchase, what would be the actual price-eamings imultiple anter the dividend? Do not round intermediate calculations. Round your answer to two decimal places