Problem 17-16 Payout Policy (LO3) Hewlard Pocket's market value balance sheet is given. Pocket wins a lawsuit and is paid $230,000 in cash. The market value of the equity rises by that amount, and Pocket decides to pay out $1.90 per share. a. What will be Pocket's stock price if the payout comes as a cash dividend? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. What will be Pocket's stock price if the payout comes as a share repurchase? (Do not round intermediate calculations. Round your answer to 2 decimal places.)