The Carlton Corporation has $$5$ million in earnings after taxes and $1$ million shares outstanding. The stock trades at a P$/$E of $15.$ The firm

has $$4$ million in excess cash.

a$.$ Compute the current price of the stock.

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

Current price

b$.$ If the $$4$ million is used to pay dividends, how much will dividends per share be$?$

Note: Do not round intermediate calculations and round your answer to $2$ decimal places.

Dividends per share

c$.$ If the $$4$ million is used to repurchase shares in the market at a price of $$79$ per share, how many shares will be acquired?

Note: Do not round intermediate calculations and round your answer to the nearest whole share.

d$.$ what will the new earnings per share be$?$

e$-1.$ if the P$/$E ratio remains constant, what will the price of the securities be$?$

e$-2.$ by how much, in terms of dollars, did the repurchase increase the stock price?