Book value $of$ common stockholders$$ equity $of$ FedEx, May $31,2020(figuresin$ $ millions$)$

Common shares $($$$0\mathrm{.}10$ par value per share$)$ $ $33$

Additional paid$-in$ capital $3,089$

Retained earnings $23,714$

Treasury shares $atcost(7,636)$

Other $(361)$

Net common equity $ $18,839$

Note:

Authorized shares $(millions)$

Issued shares, $of$ which:

Outstanding shares $287$

Treasury shares $43$

Required:

Suppose that FedEx now issues $2$ million shares $at$ $$170$ a share. Update the table below with the new values.

What would happen $to$ the book value $of$ common stockholders$$ equity $if$ instead FedEx bought back $2$ million shares $at$ $$170$ per share?