Problem 10-07 A stock is currently trading for $40. The company has a price-earnings multiple of 10. There are 100 milion shares outstanding. Your model indicates that the stock is actually worth $45. The company announces that it will use $310 million to repurchase shares a After the repurchase, what is the value of the stock, according to your model? Do not round Intermediate calculations. Round your answer to the nearest cent b. After the repurchase, what is the actual price-eamings multiple of the stock? Do not round intermediate calculations. Round your answer to two decimal places at the company had used the $310 million to pay a cash dividend instead of doing a repurchase, how would the verye of the stock have changed according to your model? Do not round intermediate calculations. Round your answer to the nearest cent. The market value of the stock is now $ de the company had used the $10 million to pay a cash dividend instead of doing a repurchase. what would be the actual price-warnings mutiple atter the diviktenid? Do not round intermediate calculations. Round your answer to two decimal places