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A companys weighted average cost of capital is 11.3% per year and the market value of its debt is $50.4 million. The companys free cash

A companys weighted average cost of capital is 11.3% per year and the market value of its debt is $50.4 million. The companys free cash flow last year was $10.3 million and the free cash flow is expected to grow forever at a rate of 6.2% per year. The company has seven million shares of common stock outstanding and it holds $15 million of marketable securities. If the company uses the marketable securities to repurchase stock, what will be the number of shares repurchased and what will be the stock value per share after the repurchase?

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