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ABC is an all-equity firm that has 43,240 shares of stock outstanding at a market price of $15.97 per share. The firm is considering a

ABC is an all-equity firm that has 43,240 shares of stock outstanding at a market price of $15.97 per share. The firm is considering a capital structure with 50% debt at a rate of 6% and use the proceeds to repurchase shares. Determine the shares outstanding once the debt is issued.

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