The Belton Corporation has $6 million in earnings after taxes and 3 million shares outstanding. The stock trades at a PJE of 10 . The firm has $2 million in excess cash a. Compute the current price of the stock Current price b. If the $2 million is used to pay dividends, how much will dividends per share be? (Round the final onswer to 1 decimal ploce.) Dividends per share c. If the $2 million is used to repurchase shares in the market at a premium price of $207 per share, how many shares will be reacquired? (Round intermediate calculations and final answer to the nearest whole number.) Number of shares acquired d. What will the new EPS be? (Round intermediate calculations ond final answer to 2 decimal places.) Earnings pershare 5 e-1. If the P/E remains constant, what will the new price of the securities be? (Round intermediate calculations and final answer to 2 decimal ploces.) e-1. If the P/E remains constant, what will the new price of the securities be? (Round intermediote calculotions ond final answer to 2 decimal places.) Price of securities e-2. By how much, in terms of dollars, did the repurchase change the share price? (Round the finol answer to 1 decimal ploce.) The stock price has by $ f. Has the shareholder's total wealth changed as a result of the stock repurchase as opposed to the cash dividend? Yes No g. From the shareholder's perspective, is there any major tax advantage to tendering one's shares versus the receipt of cash dividends? Yes No