Question 6 (a) Iprestij Berhad believes that the current share price of RM16 indicates the firm is undervalued in the market. Iprestij plans to repurchase RM2.4 million of its 2.4 million shares outstanding either to pay shareholders dividends or repurchase shares at RM20 per shares for inclusion in the firm's employee share ownership plan. The firm's managers expect that they can repurchase the entire 2.4 million shares at the expected equilibrium price after repurchase. The firm's current earnings are RM45 million. Based on the information above, calculate: i. Earnings Per Share (EPS) and Price per Earnings (P/E). (4 marks) ii. Dividend per share and the firm's new share price. (8 marks) iii. Discuss THREE (3) types of dividend theory