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17. Goodell Media is a publicly traded firm with 80 million shares outstanding, trading at $ 10/share, and $ 200 million in debt outstanding. Goodell
17. Goodell Media is a publicly traded firm with 80 million shares outstanding, trading at \$ 10/share, and \$ 200 million in debt outstanding. Goodell is considering borrowing $440 million and buying back shares at $11/ share; the cost of capital will drop from 8.25% to 8% as a consequence. Assuming no growth in perpetuity, estimate the value per share for the remaining shares, after the buyback
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