Shirley Limited has the following key financial data. Earnings per share for 2019 is 5.5. Number of shares outstanding is 40 million. Planned dividend per share is 26. The stock price, year-end 2019 is 130.6. Shirley Limited plans to pay the entire dividend early in January 2020. Assume tax rate is 0% (a) Other things equal, what will be the stock price of Shirley Limited after the planned dividend payout? (1 mark) Round your final answer to one decimal, do not include any commas to separate thousands, and exclude the sign. 6.g. write 51,234,1 as 1234.1 or write 5-12.1 a -12.1 (b) Suppose the company cancels the dividend and announces that it will use the money saved to repurchase shares. What is the stock price on the announcement date? (1 mark) Round your final answer to one decimal, do not include any commas to separate thousands, and exclude the $ sign.e.g.write 51,234.1 as 1234.1 or write 5-12.1 as -12.1 (c) Continue with part (b), how many shares will the company need to repurchase?(1 mark) Round your final answer to one decimal, do not include any commas to separate thousands and exclude the $ sign. e.g.write $1,234.1 as 1234.1 or write 8-12.1 as - 12.1 Shirley Limited has the following key financial data. Earnings per share for 2019 is 5.5. Number of shares outstanding is 40 million. Planned dividend per share is 26. The stock price, year-end 2019 is 130.6. Shirley Limited plans to pay the entire dividend early in January 2020. Assume tax rate is 0% (a) Other things equal, what will be the stock price of Shirley Limited after the planned dividend payout? (1 mark) Round your final answer to one decimal, do not include any commas to separate thousands, and exclude the sign. 6.g. write 51,234,1 as 1234.1 or write 5-12.1 a -12.1 (b) Suppose the company cancels the dividend and announces that it will use the money saved to repurchase shares. What is the stock price on the announcement date? (1 mark) Round your final answer to one decimal, do not include any commas to separate thousands, and exclude the $ sign.e.g.write 51,234.1 as 1234.1 or write 5-12.1 as -12.1 (c) Continue with part (b), how many shares will the company need to repurchase?(1 mark) Round your final answer to one decimal, do not include any commas to separate thousands and exclude the $ sign. e.g.write $1,234.1 as 1234.1 or write 8-12.1 as - 12.1