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Flicker Homes is an all-equity firm with a total market value of $540,000 and 20,000 shares of stock outstanding. Management is considering issuing $85,500 of

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Flicker Homes is an all-equity firm with a total market value of $540,000 and 20,000 shares of stock outstanding. Management is considering issuing $85,500 of debt at an interest rate of 7.8 percent and using the proceeds on a stock repurchase. Ignore taxes. How many shares will the firm repurchase if it issues the debt securities? (Round the number of shares repurchased to the nearest whole share.) 3,207 shares 3,167 shares 3,116 shares 3,021 shares 3,146 shares

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