$1$Green Manufacturing, Inc., plans to announce that it will issue $$1\mathrm{.}8$ million of perpetual debt and use the proceeds to repurchase common stock. The bonds will sell at par with a coupon rate of $6$ percent. Green is currently an all$-$equity company worth $$5\mathrm{.}9$ million with $350,000$ shares of common stock outstanding. After the sale of the bonds, the company will maintain the new capital structure indefinitely. The company currently generates annual pretax earnings of $$1\mathrm{.}35$ million. This level of earnings is expected to remain constant in perpetuity. The tax rate is $40$ percent$\mathrm{.}1$What is the expected return on the companys equity before the announcement of the debt issue? $(8$ points$)2$Construct the companys market value balance sheet before the announcement of the debt issue. What is the price per share of the firms equity? $(7$ points$)3$Construct the companys market value balance sheet immediately after the announcement of the debt issue. $(5$ points$)4$What is the companys stock price per share immediately after the repurchase announcement? $(5$ points$)$