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Digital Technologies has decided to buy back 25% of its 1.0 million shares currently outstanding on the open market. Using cash on hand, Digital will

Digital Technologies has decided to buy back 25% of its 1.0 million shares currently outstanding on the open market. Using cash on hand, Digital will pay the current market price of $180 per share. Assume that Digital's net income is $4.5 million and the stock repurchase will have no effect on Digital's net income or its P/E ratio. What will be Digital's stock price after the repurchase? $280 $180 $240 $200

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