2. The following information apolies to Lott Enterbrises: The company is considering a recapitalization where it would issue RM348,000 worth of new debt and use the proceeds to buy back RM348,000 worth of common stock. The buyback will be undertaken at the pre-recapitalization share price (RM17.40). The recapitalization is not expected to influence operating income or the tax rate. After the recapitalization, the company's interest expense will be RM50,000. Assume that the recapitalization has no effect on the company's P/E ratio. What is the company's expected stock price following the recapitalization