a. without the increase in leverage, Rallys share price is s_____.(Round to the nearest cent.

b. Suppose Rally offers $7. 20 per share to repurchase its shares. Would shareholders sell for this price?_____

The minimum share price they would sell for is $____.(Round to the nearest cent.

c. Suppose Rally offers $7.46 per share, and shareholders tender their shares at this price. What will be Rally' s share price after the repurchase?

Rally offers $7.46 per share and shareholders tender their shares at this price, the share price after the repurchase will be____$.( Round to the nearest cent

d. What is the lowest price Rally can offer and have shareholders tender their shares? What will be its stock price after the

The lowest offer per share is _____Round to the nearest cent

The stock price after repurchase is______ $.(Round to the nearest cent

Rally, Inc., is an all-equity firm with assets worth $46 billion and 7 billion shares outstanding. Rally plans to borrow $25 billion and use funds to repurchase shares. Rally's corporate tax rate is 21%, and Rally plans to keep its outstanding debt equal to $25 billion permanently. a. Without the increase in leverage, what would be Rally's share price? b. Suppose Rally offers $7.20 per share to repurchase its shares. Would shareholders sell for this price? c. Suppose Rally offers $7.46 per share, and shareholders tender their shares at this price. What will be Rally's share price after the repurchase? d. What is the lowest price Rally can offer and have shareholders tender their shares? What will be its stock price after the share repurchase in that case