Good Values Incorporated is all$-$equity$-$financed. The total market value of the firm currently is $$100,000,$ and there are $4,000$ shares outstanding. Ignore taxes.

The firm has declared a $$5$ per share dividend. The stock will go ex$-$dividend tomorrow. At what price will the stock sell today?

At what price will the stock sell tomorrow?

Now assume that the tax rate on all dividend income is $35\%$ and the tax rate on capital gains is zero. At what price will the stock sell today, taking account of the taxation of dividends?

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Now suppose that instead of paying a dividend, Good Values plans to repurchase $$24,000$ worth of stock. What will be the stock price before the repurchase?

Now suppose that instead of paying a dividend, Good Values plans to repurchase $$24,000$ worth of stock. What will it be after the repurchase?

Now suppose that instead of paying a dividend, Good Values plans to repurchase $$24,000$ worth of stock. Does the existence of taxes tend to favor dividends or repurchases?