(d ) Onion Army's current earning is $1.50 per share, and the stock sells for $15. Due to company's high earning last year, they currently considering whether to pay out $300 million of excess cash in the form of a bonus dividend or a share repurchase The market value balance sheet of the company before paying out $300 is as follows.: Market Value Balance Sheet in million (before paying out excess cash) Excess cash Other assets Total $300 Debt $1,600 Equity $1,900 Total $400 $1,500 $1,900 Evaluate the TWO (2) alternatives in terms of the effect on the price per share of the stock, the earnings per share (EPS) and the price earnings (PE) ratio. (12 marks)