QUESTION FOUR [25] Nano Ltd operate a number of car washes and auto valet services. The company has experienced a reasona trading year. They are deciding whether to pay out R248 000 in accumulated cash in the form of a dividend shareholders or embark on a share repurchase campaign. Current earnings are R7.20 per share and the sh: sells for RBO. Their abbreviated statement of financial position before paying out the dividend is as follows: Required: 4.1 Calculate the number of shares in issue if the company where to pay the dividend. (4) 4.2 Calculate the number of shares in issue if the company where to repurchase its shares. 4.3 Calculate the dividends per share (for the first alternative, i.e. pay the dividend) (3) 4.4 Determine the net asset value of the firm should the company not exercise the option to repurchase its shares. (3) 4.5 Determine the new share price, eamings per share and price-earnings ratio under both altematives (i.e. pay the dividend and repurchase the shares)