Axiom Corp is an all equity firm that is subject to a 35% tax rate. Its equity holders require a 15% return. The firm's initial market value is $4,750,000 and there are 225,000 shares outstanding. The firm has announced they will issue $1.5 million in debt at 6% and they will use the proceeds to repurchase shares. If you assume markets are efficient, 1. How many shares will be repurchased? 2. What is the new stock price