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Assume a firm has a market value equai to its book value, excess cash of $900, other assets of $16,500, and equity valued at 317,400.

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Assume a firm has a market value equai to its book value, excess cash of $900, other assets of $16,500, and equity valued at 317,400. The firm has 1,200 shares of stock outstanding and net income of $15.400. If the firm spends all of its excess cash on share repurchases, how many shares will be outstanding after the repurchases are completed? (Round your answer up to theinearest Whole share) 1,148 shares 1.164 shares 1,135 shares 1,138 shares 1,142 shares

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