Short Answer Question 3 (Total 8 marks) Linter Ltd currently operates two projects and the company is financed by equity only. Each project is expected to generate a cash inflow every year Linter Ltd has a cost of capital of 10% p.a. compounded annually and 100 million outstanding shares. All Miller and Modigliani dividend irrelevance proposition's assumptions hold. Company is about to pay out its earnings. Calculate the share price of the company immediately ash dividend or a share buyback? Explain your