A company had issued 100m of common stock but just 80% of that was outstanding and held by various groups of investors. Its common stock consists of shares 18 par each and additional paid in capital (APIC). Current share price is 5$. Company has accumulated $200m in Retained earnings and is fully equity financed Company is thinking about buying back 20m of shares for 6$ each. a) What could be rationale for buying back its own stock for the company? b) Provide the equity section of the company's BS if the decision takes place