As an analyst, you are tracking the financial performance of Blue Ram Brewing Company. The company has been 100% equity owned for years, but recently the firm's managers made changes to Blue Ram's capital structure. You have collected the following information regarding the company's recapitalization: Blue Ram issued $1,800,000 in new debt to repurchase its outstanding stock. The firm had no short-term investments before or after the recapitalization. Blue Ram had 225,000 shares outstanding before the recapitalization. Blue Ram's capital structure now has 20.00% debt. The company's operations are valued at $9,000,000 before and after the recapitalization. Based on the information available, find the value of equity post repurchase. Assume that you are in a Modigliani and Miller (MM Proposition I) world with no taxes. OA. $3,600,000 OB. $5,184,000 OC. $6,120,000 OD. $8,100,000 OE. $7,200,000 R ction 25 of 10