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The Carlton Corporation has $7 million in earnings after taxes and 2 million shares outstanding....

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The Carlton Corporation has $7 million in earnings after taxes and 2 million shares outstanding. The stock trades at a P/E of 20. The firm has $4 million in excess cash. a. Compute the current price of the stock. (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? (Do not round Intermediate calculations and round your answer to 2 decimal places.) 2 Dividends per share c. If the S4 million is used to repurchase shares in the market at a price of $74 per share, how many shares will be acquired? (Do not round Intermediate calculations and round your answer to the nearest whole share.) Number of the acquired shares

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