1. Grant Avenue Consolidated is a very successful young technology firm that has $100 million in cash. The CFO is sketching the implications of using this cash to repurchase shares from investors, and it has already announced these plans to investors. Currently, the firm has 100 million shares outstanding, each trades for $15, and no debt. A consultant has estimated that stock options already issued to employees are worth approximately $ 125 million. a. Estimate the value of the firm's non-cash (that is, operating assets). b. Estimate the value of the firm's equity, the value per share, and the number of shares after the repurchase