Book value of common stockholders equity of FedEx, February 28, 2018 (figures in $ millions)

Common shares ($0.10 par value per share)	$	32
Additional paid-in capital		3,085
Retained earnings		23,710
Treasury shares at cost		(7,576	)
Other		(357	)
Net common equity	$	18,894
Note:
Authorized shares (millions)		800
Issued shares, of which:		318
Outstanding shares		267
Treasury shares		51

Required:

a. Suppose that FedEx now issues 2 million shares at $250 a share. Update the table below with the new values.

b. What would happen to the book value of common stockholders equity if instead FedEx bought back 2 million shares at $150 per share?