Question 6 (7 points) Listen Belton Corporation has $5 million in earnings after taxes and 1 million shares outstanding. The stock trades at a P/E multiple of 10. The firm has $4 million in excess cash. Part 1: Besides paying a dividend or a share repurchase, what are some other options that Belton should consider? Part 2: Assume the $4 million is used to repurchase shares in the market at a premium price of $54 per share. What is your estimate of the market price of Belton stock after the share repurchase? Part 3: Assume you held 100 shares in Belton Corporation stock. What are your options? Show your investment portfolio (stock and cash) for each option. Format B 1 U ... Part 1 Part 2 Part 3 Question 6 (7 points) Listen Belton Corporation has $5 million in earnings after taxes and 1 million shares outstanding. The stock trades at a P/E multiple of 10. The firm has $4 million in excess cash. Part 1: Besides paying a dividend or a share repurchase, what are some other options that Belton should consider? Part 2: Assume the $4 million is used to repurchase shares in the market at a premium price of $54 per share. What is your estimate of the market price of Belton stock after the share repurchase? Part 3: Assume you held 100 shares in Belton Corporation stock. What are your options? Show your investment portfolio (stock and cash) for each option. Format B 1 U ... Part 1 Part 2 Part 3