Bravos currently has a share price of $40 and 20 million shares outstanding. The firm currently has no debt and no excess cash. The firm is planning on conducting a levered recapitalization. As part of this transaction, the firm plans on issuing an additional $100 million of debt in the form of a perpetual bond to repurchase shares (e. the full $100 million will be paid out to shareholders by conducting a share repurchase). The cost of debt on the perpetual bond will be 5.5%. Bravos has an unlevered cost of capital of 12% and a marginal corporate tax rate of 20%. Using the APV method, calculate the share price of Bravos after the levered recapitalization. Select one. Ol $36 OIL $35 HI. $40 IO IV.$41 Bravos currently has a share price of $40 and 20 million shares outstanding. The firm currently has no debt and no excess cash. The firm is planning on conducting a levered recapitalization. As part of this transaction, the firm plans on issuing an additional $100 million of debt in the form of a perpetual bond to repurchase shares (e. the full $100 million will be paid out to shareholders by conducting a share repurchase). The cost of debt on the perpetual bond will be 5.5%. Bravos has an unlevered cost of capital of 12% and a marginal corporate tax rate of 20%. Using the APV method, calculate the share price of Bravos after the levered recapitalization. Select one. Ol $36 OIL $35 HI. $40 IO IV.$41