ANSWER ALL PARTS OF THE QUESTION, DO NOT ATTEMPT IF YOU ARE NOT GOING TO ANSWER EVERY SINGLE STEP, IF YOU GIVE ME AN INCOMPLETE ANSWER YOU WILL GET A THUMBS DOWN

Vuestion Hele Kurt Manufacturing is currently an all-equity firm with 30 million shares outstanding and a stock price of $7.50 per share. Although investors currently expect Kurz to remain an all-equity firm, Kurz plans to arounce that wil borrow $60 million and use the funds to repurchase shares Kurz will pay interest only on this debt, and has no further plans to increase or decrease the amount of debt. Kurz is subject to a 25% corporate tax rate a What is the market value of Kurt's existing assets before the wouncement? b. What is the market value of Kur's assets including any tax shields) just after the debt is issued, but before the shares are repurchased c. What is Kurz's share price just before the share repurchase? How many shoes wil Kure purchase? d. What we Kurz's market value balance sheet and share price after the she repurchase? What is the market value of Kurt's existing assets before the announcement? The market value of Kurz's existing assets before the announcement is smilion (Pound to one decimal place) b. What is the market value of Kur's assets (including any tax shields) just after the debt is issued, but before the shares we repurchased? The market value of Kur's assets (including any tax shields) just after the debt is issued, but before the shares are repurchased, is smilion (Round to one decimal place) c. What is Kurz's share price just before the share repurchase? How many shares will Kurz repurchase? Kurz's share price just before the share repurchase is $(Round to two decimal places.) Shares to be repurchased are million. (Round to three decimal places.) d. What are Kurz's market value balance sheet and share price after the share repurchase? Market value of assets after share repurchase is $ million. (Round to one decimal place.) Debt after share repurchase is $ million. (Round to the nearest million.) Market value of equity after share repurchase is $ million. (Round to one decimal place.) Share price after repurchase is $. (Round to two decimal places.)