Rational Demiconductor has the following market-value balance sheet:

Rational Demiconductor Balance Sheet (Market Values, in $ millions)
Surplus cash	$	11		$	0.0	Debt
Fixed assets and net working capital		20			31	Equity market capitalization (1 million shares at $31 per share)
	$	31		$	31

Assume that Rational wins a lawsuit and is paid $2 million in cash. Its market capitalization rises by that amount. It decides to pay out $13 per share instead of $1 per share. a. What happens to Rationals stock price if the payout comes as a cash dividend?

New Stock Price: ________ b. What happens to Rationals stock price if the payout comes as a share repurchase? (Round your intermediate calculations to the nearest whole number.)

New Stock Price:______