Rational Demiconductor has the following market-value balance sheet:

Rational Demiconductor Balance Sheet (Market Values, $ millions)
Surplus cash	$	12		$	0	Debt
Fixed assets and net working capital		21			33	Equity market capitalization (1 million shares at $33 per share)
	$	33		$	33

Assume that Rational wins a lawsuit and is paid $3 million in cash. Its market capitalization rises by that amount. It decides to pay out $15 per share instead of $1 per share.

a. What happens to Rationals stock price if the payout comes as a cash dividend? (Round your answer to the nearest whole number.)

New stock price $

b. What happens to Rationals stock price if the payout comes as a share repurchase? (Round your answer to the nearest whole number.)

New stock price $