Very Inportant, Need all answer

The balance sheet for Repo plc is shown here in market value terms. There are 5 million shares outstanding. Market value balance sheet 000 Cash Non-current assets Total 000 3,000 17,000 20,000 Equity Liabilities Total 10,000 10,000 20.000 The company can either pay a dividend of 0.4 per share OR Repo could use the same amount of money, 2 million, to repurchase Equity. If dividend is declared the equity goes ex dividend in a month's time. Required a) Calculate the effect will have each alternative on the value of equity? b) How many shares will be outstanding after the repurchase? c) What will be the share price after the repurchase? d) What would be the share price on ex-dividend day if dividend is declared? e) Ignoring tax effects, show how the share repurchase is effectively the same as a cash dividend