and plans to use the proceeds to buy back outstanding shares of stock. Your firm's industry requires a $10\mathrm{.}75\%$ ROA.

a$.$ Calculate the market price and required return for your firm's stock just prior to the repurchase.

b$.$ Calculate the market price and required return for your firm's stock just after the repurchase?

a$.$ The market price of your firm's stock just prior to the repurchase is $$,($Round to the nearest dollar.$)$