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ABC Production has a market value equal to its book value. Currently, the firm has excess cash of $398,000, other assets of $911,764, and equity

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ABC Production has a market value equal to its book value. Currently, the firm has excess cash of $398,000, other assets of $911,764, and equity of $889,200. The firm has 65,000 shares of stock outstanding and net income of $984,800. Management has decided to spend 25 percent of the firm's excess cash on a share repurchase program. How many shares of stock will be outstanding after the stock repurchase is completed? OA) 57,937 shares OB) 57,727 shares OC) 51,584 shares OD) 55,578 shares OE) 58,050 shares

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