The James inci dicides to increave its dividend pwrment from 31.75 per thare ta 34 as per shure. Pefore the announcement of the nem, the stock price is at $112 and the total number of shares outstanding is so mittion. The iames new shares. Assume the investors learn nothing new from the apnowancement about the firmis future cash fows, hew many shares will the fim need to isfue to payout additional dividend in cash? 1. 10 milition 1.12 mition 0.77 million 1.15 mition