Assume that company A wants to boost its stock price. The company currently has 19 million shares outstanding with a market price of $15 per share and no debt. A has had consistently stable earnings, and pays a 15% tax rate. Management plans to borrow $30 million on a permanent basis and they will use the borrowed funds to repurchase outstanding shares. If shareholders are perfectly rational and informed, what will the repurchase price per share be (keep two decimal places and assume that the new borrowing will not have any negative effects)? Your