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abc is currently an all-equity firm. it has 8 million shares outstanding. it expects to generate cash flows of 15.5 million per year in perpetuity.

abc is currently an all-equity firm. it has 8 million shares outstanding. it expects to generate cash flows of 15.5 million per year in perpetuity. the corporate tax rate is 28%. the company's unlevered cost of equity is 11%. the company decides to borrow $45 million in permanent debt and repurchase some of its outstanding shares. what will be price per share after the debt issue is complete and the shares are repurchased

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