Multiple Choice
The Jean Outlet is an all equity firm that has 146,000 shares of stock outstanding. The company has decided to borrow the $1.1 million to repurchase 7,500 shares of its stock from the estate of a deceased shareholder. What is the total value of the firm if you ignore taxes?
A) $18,387,702
B) $18,500,000
C) $19,666,667
D) $21,000,000
E) $21,413,333
Correct Answer:
Verified
Correct Answer:
Verified
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