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Company XYZ has a market value of equity of $1 million. Currently, the firm has excess cash of $200,000, total assets of $500,000, net

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Company XYZ has a market value of equity of $1 million. Currently, the firm has excess cash of $200,000, total assets of $500,000, net income of $30,000, and 8,000 shares of stock outstanding. The company will use all its excess cash to repurchase shares of stock at current share price. Assuming the market value of the company staying the same after the repurchase, what will the stock price per share be after the stock repurchase is completed? Multiple Choice O O 205 125 100 156

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