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ABC has 48,323 shares outstanding and its share price is $29.2. It will issue $570,798 of perpetual debt to repurchase its stocks. If its tax
ABC has 48,323 shares outstanding and its share price is $29.2. It will issue $570,798 of perpetual debt to repurchase its stocks. If its tax rate is 31.1%, calculate the stock price after the recapitalization.
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