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complete all parts to the question Question Help Kurz Manufacturing is currently an all-equity firm with 33 milion shares outstanding and a stock price of

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complete all parts to the question
Question Help Kurz Manufacturing is currently an all-equity firm with 33 milion shares outstanding and a stock price of $9.00 per share. Although investors currently expect Kurz to remain an al-equity firm, Kurz plans to announce that it will borrow $69 million and use the funds to repurchase shares. Kurz will pay interest only on this debt, and it has no further plans to increase or decrease the amount of debt. Kurz is subject to a 35% corporate tax rate a. What is the market value of Kurz's existing assets before the announcement? b. What is the market value of Kur's assets (including any tax shields) just after the debt is issued, but before the shares are repurchased? Q. What is Kurz's share price just before the share repurchase? How many shares will Kurz repurchase? d. What are Kur's market value balance sheet, and share price after the share repurchase? a. What is the market value of Kurz's existing assets before the announcement? The market value of Kur's existing assets before the announcement is millon. (Round to one decimal place) b. What is the market value of Kurz's assets (including any tax shields) just after the debt is issued, but before the shares are repurchased? The market value of Kurz's assets (including any tax shields) just after the debt is issued, but before the shares are repurchased is $million (Round to one decimal place) e. What is Kurz's share price just before the share repurchase? How many shares wil Kurz repurchase? Kurt's share price just before the share repurchase is (Round to the nearest cent.) The number of shares that Kurz wil repurchase is million (Round to two decimal places) d. What are Kur's market value balance sheet, and share price after the share repurchase? The market value of assets is million (Round to one decimal place) The debt is $milion. Round to the nearest integer) The market value of equity is million (Round to one decimal place) Share price her repurchase is (Round to two decimal places) Enter your answer in each of the answer boxes

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