Erna Corporation is evaluating an extra dividend versus a share repurchase. In case, $12,000 would be spent. Current earnings are $1.60 per share, and the currently sells for $50 per share. There are 2,500 shares outstanding. Ignore taxe other imperfections. a. Evaluate the two alternatives in terms of the effect on the price per share of the and shareholder wealth per share. (Do not round intermediate calculation: round your answers to 2 decimal places, e.g., 32.16.) b. What will the company's EPS and PE ratio be under the two different scenarios? not round intermediate calculations and round your answers to 2 decimal plac e.g., 32.16.) a. Extra dividend Price per share Shareholder wealth a. Repurchase Price per share Shareholder wealth b. Extra dividend EPS PE ratio b. Repurchase EPS PE ratio