Suppose firm A has a share price of 20 and 110 million shares outstanding. It is considered a payout of 200 million in the form of either a cash dividend or a stock repurchase. What is the effect (if any) of each of there alternatives on:

- Firm marker capitalization,

- The number of shares outstanding,

- The stock price,

- Shareholders' total wealth?

The firm has no debt, and there are not taxes or other frictions.