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An organization has a value of operations of $850 million after recapitalization, of which 40% is from debt. The firm had 20 million shares before

An organization has a value of operations of $850 million after recapitalization, of which 40% is from debt. The firm had 20 million shares before its recapitalization, and taxes are at 25%. Determine the value of equity after recapitalization and the number of remaining shares after recapitalization (show how you got your calculation completely).

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