Shatin Intl. has 10 million shares, an equity cost of capital 13%, and is expected to pay a total dividend of $20 million each year forever. It announces that it will increase its payout to shareholders. Instead of increasing its dividend, it will keep it constant and will start repurchasing $8 million of stock each year as well. How much will its stock price increase? The stock price will increase by $ (Round to the nearest cent.) After researching the competitors of EJH Enterprises, you determine that most comparable firms have the following valuation ratios: 3. EJH Enterprises has EPS of $1.80, EBITDA of $290 million, $26 million in cash, $44 million in debt, and 102 million shares outstanding. What range of prices is consistent with both sets of multiples? The range of prices will be: Lowest price within both ranges, the P/E and EV/EBITDA ranges, is $ (Round to two decimal places.) Highest price within both ranges, the P/E and the EV/EBITDA ranges, is $ ; (Round to two decimal places.)