As an analyst, you are tracking the financial performance of Gadgetime Inc. The company has been 100% equity owned but recently made changes to its capital structure. You have collected the following information about the recapitalization: Gadgetime issued $31,500,000 in new debt to buy back stock. The firm had no short-term investments before or after the recapitalization. Gadgetime had 2,250,000 shares outstanding before the recapitalization. Gadgetime's capital structure now has 35% debt. The company's operations are valued at $90 million after recapitalization. Based on the information available, solve for the values in the following table. Click on the dropdown menus and then select the best answer. Assume that you are in a Modigliani and Miller (M&M) world with no taxes. Value Stock price before the repurchase Number of shares repurchased Value of equity post repurchase