Carol Industries is currently an all-equity firm. It has 10 million shares outstanding and a stock price of $10 per share. Carol plans to borrow $50 million and use the funds to repurchase shares. Carol will pay interest only on this debt, and it has no further plans to increase or decrease the amount of debt. Carol is subject to a 40% corporate tax rate. T a) What is the market value of Carol's existing assets before using the debt? b) What is the market value of Carol's existing assets (including any tax shields) just after Carol announces its plan to use debt but before the debt is issued? ac) What is the market value of Carol's existing assets (including any tax shields) just after the debt is issued, but before the shares are repurchased? d) What is Carol's share price just after the debt is issued, but before the shares are repurchased?