Assume that X is a publicly traded company and has 5 million shares, trading at $20/share, and that it has $50 million in debt. You believe that the value of this company will increase by 10% if it borrows $50 million and buys back stock. Assume that the company can buy the shares back at $25/share. What would you expect the remaining shares in the company to trade at, after the buyback?

Group of answer choices

$21.67/share

$21.47/share

$21.57/share

$21.87/share

None of the others

$21.97/share