Pukri Ltd is deciding whether to pay out R90 000 in excess cash in the form of an extradividend or a share repurchase. Current profits are R2,40 per share and the share sells forR20. The abbreviated balance sheet before paying out the dividend is:Equity 240 000 Bank/cash 90 000Debt 160 000Other Assets 310000400 000400 000Evaluate each alternative (i.e: pay the dividend or repurchase the shares) by:1.1 Calculating the number of shares in issue (4)1.2 The dividends per share (for the first alternative, i.e. pay the dividend) (2)1.3 Calculate:1.3.1 The new share price (6)1.3.2 The EPS (4)1.3.3 The price-earnings ratio