Analysts expect ElectroSoft to generate $99.825 million of free cash flow at the end of the current year. (Assume that cash flows occur on December 31 and today is January 1.) Analysts expect Electrosofts cash flow to grow at 3% in perpetuity. Electrosoft has no debt and its shareholders require a return of 11%. There are 199.96995 million shares outstanding, and the shares trade for $6.24. ElectroSoft has announced a stock repurchase. It intends to buy 47.1429 million shares at a price of $7 per share. The repurchase will be debt financed. What will the stock price be after the repurchase? Assume that Electrosoft will maintain its resulting debt-to-equity ratio in perpetuity. The cost of debt is 5% and the tax rate is 35%.