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Almost Done Industries has net income of $3,800,000, and it has 1,490,000 shares of common stock outstanding. The company's stock currently trades at $67 a

image text in transcribed Almost Done Industries has net income of $3,800,000, and it has 1,490,000 shares of common stock outstanding. The company's stock currently trades at $67 a share. Almost D one is considering a plan in which it will use available cash to repurchase 10% of its shares in the open market at the current $67 stock price. The repurchase is expected to have no effect on net income or the company's P /E ratio. What will be its stockprice following the stock repurchase

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